Credit Rating Report

DBRS Morningstar Upgrades the Hellenic Republic to BB, Trend Changed to Positive

Sovereigns

Summary

DBRS Ratings GmbH (DBRS Morningstar) upgraded the Hellenic Republic’s Long-Term Foreign and Local Currency – Issuer Ratings to BB from BB (low). At the same time, DBRS Morningstar confirmed the Hellenic Republic’s Short-Term Foreign and Local Currency – Issuer Ratings at R-4. The trend on all ratings is changed from Stable to Positive.

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