Anyone want to lend money to Tsipras?
S&P raises their sovereign rating to B- from CCC+ with a stable outlook.
There hasn't been much talk about Greek bonds this week, but they took a battering at the start of the week, only to make a big comeback today because the news of the upgrade was obviously leaked of strong economic management.
From S&P:
- Economy was more resilient than anticipated
- In spite of two elections, a referendum, tax hikes and capital controls, the economy contracted only slightly last year