International rating agency Standard and Poor's (S&P) upgraded 25 June 2018 Greece’s debt rating to “B+” from “B”. “B+” still indicates a high level of speculation, but with a “positive” outlook.
According to S&P, the positive outlook for Greece’s credit rating indicates reduced debt risks, though the country’s public and private debt remains high.
“We could consider further raising the rating if the growth of foreign direct investment will continue, and if we see progress in reducing non-performing assets impaired banking system,” — said in a statement.
on June 22, the European Commissioner for economic and financial Affairs Pierre Moscovici at the press conference said that the financial crisis around Greece, which lasted eight years, was finished. The Eurogroup approved the finishing of the program of macro-financial assistance to Greece, extending for 10 years the maturities of EFSF loans (the Eurozone stabilization Fund) and agreed to release the latest tranche of aid the country 15 billion euros. In August 2018 Greece for the first time since 2010 will have to enter the financial markets.
The country has received macro-financial assistance from eurozone leading countries (the main creditor was the best performing economy of the block, Germany) and the IMF; it was provided in exchange for extremely stringent economic requirements. During this time, Greece has received about 300 billion euros in the form of various stabilizing loans.