Standard & Poors have upgraded the credit evaluation of Greece by two positions. At the same time it has declared the country’s perspective to be “stable” rather that the previous “negative”.
The upgrade is based on the improvement of the country’s access to cash. Greece has already gotten a three year loan of 7,16bn euro from the ESM.
The possibility of a Grexit has now fallen back to less than 50%. Standard & Poors believes that Greece’s credibility is still subject to the general situation of the economy as well as the possibility of some restructuring of the country’s debt.