August 18, 2017 / 8:19 PM / a year ago

BRIEF-‍Fitch upgrades Greece to 'B-' from 'CCC'

Aug 18 (Reuters) - Fitch Ratings:

* ‍Fitch upgrades Greece to ‘B-‘ from ‘CCC’; outlook positive

* Says believes general government debt sustainability will steadily improve, underpinned by on-going compliance with terms of ESM programme, among other things

* Fitch, on Greece, says ‍public finances are improving ​

* Fitch says Greece’s ‍positive outlook reflects expectation third review of adjustment programme will be concluded without creating instability

* Says Greek “economy is gradually recovering​”

* Says Greece’s ‍positive outlook also reflects expectation that Eurogroup will grant substantial debt relief to Greece in 2018​

* Fitch, on Greece, says political backdrop has become more stable, risk of any future government reversing policy measures adopted under ESM programme is limited​ Source text for Eikon:

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