Greece’s economic and financial adjustment process has been lengthy and arduous but encouraging signs are visible, DBRS Ratings Limited said in a report released on Tuesday, called “Greece’s Reforms, Continued Progress”, ANA reports.
As the third financial assistance programme draws to a close and Greece prepares for market access, past reforms are bearing fruit and future reforms are anticipated, it said. It warned nevertheless that the debt overhang remains a credit negative, and said it would “view positively debt sustainability mechanisms put in place to support future debt capital market access.”
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