Outlook stable.
Standard & Poors rating services raised its long-term local and foreign currency sovereign credit ratings on Greek debt to CCC from selected default.
Raised short-term foreign and local currency sovereign credit ratings to C from selected default.
Outlooks on both stable, balancing S&P’s view of the government’s stated commitment to improving its’ fiscal track record and effecting a material fiscal adjustment, against the economic and political challenges of doing so.
