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GreekReporter.comGreek NewsEconomyStandard and Poor's Upgrades Greece's Long Term Rating

Standard and Poor's Upgrades Greece's Long Term Rating

standard & poor'sRatings agency Standard and Poor’s upgraded Greece’s credit rating on Tuesday from CCC- to CCC+.
Though CCC+ is still a “junk” rating, Standard and Poor’s said that following the agreement reached with international creditors, Greece’s chance of exiting the Eurozone by 2018 are less than 50% and there is a stable outlook for the country.
However, the agency cautioned that the risk of a Grexit is still high, especially if Greece does not proceed to implement the deal that will presumably be finalized soon.

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