(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)note waiving the requirements set out in Article 3(2) of Decision (EU) 2020/188 of the European Central Bank (ECB/2020/9)note 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).
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