Standard & Poor's recently published its ratings for Greece; with the key quotes, via Reuters, found below:
- Rating on Greece is B-; sovereign credit outlook revised to positive from stable
- Outlook on Greece ratings revised to positive; 'B-' long-term ratings affirmed
- Positive outlook indicates view that, over next 12 months, there is at least a one-in-three probability that could raise ratings
- Outlook revision reflects expectation that Greece's general government debt and debt servicing costs will gradually decline
- Recovering economic growth, legislated fiscal reforms, further debt relief, should enable Greece to reduce general government debt-to-GDP ratio through 2020
- Recovering economic growth, legislated fiscal reforms, further debt relief, should enable Greece to also reduce debt servicing costs through 2020
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