Two notches higher for Greece
It's still junk, just not as junky.
Outlook stable. They see the Grexit risk down to 50%.
But even S&P is taking a swipe at Tsipras, saying "The new three year loan program appears to be more onerous than the one Greek voters rejected."
Someone has some 10-year notes, CCC+ rated to sell with a juicy 11.56% yield. Who's in?
