DBRS Ratings: Greek economic and financial adjustment process showing “encouraging signs”

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”.

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 however 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.”