By G. Sakkas
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Moody’s hesitation to issue another credit review for Greece on Friday and a much hoped-for upgrade generated discomfort with the coalition government over the weekend, although the same ratings firm has in the past acted in such a cautious manner.
In a brief announcement late on Friday evening (Athens) time, Moody’s said it was merely renewing its schedule for state bond reviews, without any more specifics included.
Athens had been optimistic that Greece’s rating would be upgraded, and reach the level of S&P and Fitch, although the “no action” was judged as the first “hiccup” in the post-bailout period.
Greece’s rating by Moody’s remains at B3, two notches below S&P and three from Fitch.
