Rating agencies positive on disbursement, stress programme implementation risks remain high

Economy

Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.

Moody’s noted that both actions are credit positive as they alleviate the risk of a liquidity squeeze and signal a growing consensus on debt relief. However, on the back of a small governing majority, weak institutions and backdrop of political and soci...

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