S&P affirms Greek LT & ST ratings at "CCC+/C" Outlook: Stable

We must be closed as S&P comes out with a raft of ratings reviews

• Stable outlook reflects view that over the next 12 months the risks to the CCC+ rating are balanced
• Believes Greek government debt may be unsustainable
• Elections likely to delay next disbursement of ESM funds
• Expects Greece to shrink by3% this year
• Chances of Greece leaving Eurozone have fallen to less than one in three
• Doesn't expect capital controls to be lifted until after bank review

Maybe that was behind the euro pop ;-)