Greece’s center-right government on Saturday welcomed a credit rating upgrade by Moody’s, the last major ratings agency to lift junk status on government bonds that began 15 years ago during a severe debt crisis.

Moody’s Ratings lifted Greece’s rating status to investment grade Friday, putting an official end to the country’s junk status era that started back in 2010.

“ (This) upgrade marks the closing of a great cycle for the Greek economy and certifies the country's return to European normality,” Finance Minister Kostis Hatzidakis said, describing the action as “a success not only of the government, but of all Greeks”.