(3)On 8 September 2023 the issuer rating of the Hellenic Republic was upgraded to credit quality step 3 in the Eurosystem’s harmonised rating scale. As a result of that upgrade, marketable debt securities issued by the central government of the Hellenic Republic became compliant with the Eurosystem’s minimum credit quality requirements. Therefore, Article 3 of Decision (EU) 2020/440 of the European Central Bank (ECB/2020/17) 1 waiving the requirements set out in Article 3(2) of Decision (EU) 2020/188 of the European Central Bank (ECB/2020/9) 2 and rendering euro-denominated marketable debt securities issued by the central government of the Hellenic Republic eligible for purchases under the PEPP has become obsolete and should be removed from Decision (EU) 2020/440 (ECB/2020/17).
Recital 3
- 2 Decision (EU) 2020/188 of the European Central Bank of 3 February 2020 on a secondary markets public sector asset purchase programme (ECB/2020/9) ( OJ L 39, 12.2.2020, p. 12 ). ↩
- 1 Decision (EU) 2020/440 of the European Central Bank of 24 March 2020 on a temporary pandemic emergency purchase programme (ECB/2020/17) ( OJ L 91, 25.3.2020, p. 1 ). ↩