Fitch: It’s all good in Greece

Now that ratings agencies no longer figure prominently in the Greek drama, Fitch says the EU-IMF package gives Greece the the support it needs to achieve radical reform. The inclusion of the IMF in the deal also enhances the credibility of efforts to put public finances on a sustainable path (the subtext being the EU’s participation does not. Good call, Fitch!)

No ratings action on Greece is expected until Q4 this year, Fitch says.