Standard and Poor's raises prospect of Greece's debt rating to "positive"

The rating agency Standard and Poor's announced Friday that it has raised the outlook for Greece's sovereign debt from "stable" to "positive", noting in particular "greater political stability."

"The positive outlook reflects a possible rise in the rating if authorities are unlocking Greece's growth potential by encouraging competition, strengthening property rights, streamlining bankruptcy procedures and improving the implementation of contracts, "the agency said in a statement.

S & P confirmed the "B +" rating, in the highly speculative category, which had been raised on 25 June, due to a better "balance of risks" as to the creditworthiness of the country.

"Greater stabi The political economy should support Greece's economy and its banks, "the agency said on Friday.

It also believes that" public infrastructure projects will catalyze investments in the tourism and logistics sector. , improving Greece's growth forecasts. "

In June, Greece reached an agreement with its creditors in the euro zone, providing for a ten-year extension of repayment terms for a large part of Greece's debt. However, the agreement will also allow Greece to leave, as planned, the guardianship of its shares, the level of which is still the highest in the European Union (180% of Greek GDP).

on August 20.