Global ratings agency Fitch has upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating to 'BBB-' from 'BB+' with a stable outlook, marking an elevation to investment-grade status. The move follows a similar upgrade by S&P Global Ratings in October, making Greece's bonds eligible for various bond indexes requiring investment-grade ratings. Fitch cited Greece's sharp decline in general government debt and assessed policy risks as relatively low, given a stable political environment and fiscal prudence. The country lost its investment-grade credit rating in 2010 during its debt crisis but has seen positive shifts since Prime Minister Kyriakos Mitsotakis's election win in May.

SOURCE:GOOGLE