With the text frame selected, have you checked what the Opacity level is? The default is 100%. May be is set to a lower level.
The text is placed in a frame, with 60% transparent look.
What did you really expect text that is only 60% solid to look like?
I've just checked the opacity for the text frame. It is set to 100%, and the coulr is still grey :/
It's the frame under the text frame, that is set to 60%.
The opacity for the text frame itself is set to 100%.
What do you have in the text frame at 60%? Maybe a screenshot will give us a better idea of what you have.
I figured it out, but thanks anyway Ellis!
Please post your answer for the benefit of all who are following the thread!