According to Bank of America Merrill Lynch Greece anticipates its credit rating to be upgraded by one level from the current -B to B this Friday by the S&P (Standard & Poor’s).The upgrade will result to a further reduce of borrowing costs in view of the 7year planed bond

Specialists of the Market estimate that this upgrade will take place in the very near future, as the expectations for Greece returning to growth are confirmed.
After this Friday’s meeting between Greece and S&P, Fitch is to follow on the 21st of November and Moody’s on the 28th of November.

A positive turning of the major rating agency’s towards the Greek economy was already visible since the beginning of August, when Moody’s upgraded the country in the category of Caa1.

The positive comments and the upgrade will result to a further reduce of borrowing costs in view of the 7year planed bond before the end of the year.