/RATINGS: Fitch upgrades Greek sovereign.....>

GREECE: /RATINGS: Fitch upgrades Greek sovereign rating to "B-" from "CCC"

previous, with positive outlook. It said that Greek "general govt debt

sustainability will steadily improve, underpinned by ongoing compliance with the

terms of the European Stability Mechanism (ESM) program, and reduced political

risk, sustained GDP growth and additional fiscal measures legislated to take

effect through 2020. The successful completion of the second review of Greece's

ESM program reduces risks that the economic recovery will be undermined by a hit

to confidence, or by the government building up arrears with the private sector.

- Fitch gave a "positive outlook" as it expects that the "third review of the

adjustment program will be concluded without creating instability and that the

Eurogroup will grant substantial debt relief to Greece in 2018."