S&P raises Greece's credit rating to CCC+

Source: WBP Online
© Scanpix/AFP
Standard and Poor's rating agency upgraded Greece's credit rating from CCC- to CCC+, on a positive outlook that Greece will not default on its commercial debt in the following six to twelve months. The decision came after Greece paid its last two missed payments to the IMF and paid back 4.2 billion euros to the ECB on Monday using a bridging loan from the EU worth 7.16 billion euros. 
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