S&P has upgraded the Greek debt to “B” from “B-“, which signals a very important landmark on the way to the complete restructuring of Greek debt and the validation of its viability.

The roadmap for the next upgrades points to certain times within 2014 and especially near November, when -despite recent denials- IMF and Eurozone actions will take place to restructure said debt.

In view of the positive climate of an upgrade, the 1.6 billion euro’s worth trade of bonds in London, including both 3-year and 5-year bonds was successfully completed. The “Exchange” was attended by Greek banks and foreign institutions.

As the house writes, the Greek government has achieved an important fiscal adjustment and is expected to have a 2% GDP surplus in the next few years. At the same time, analysts estimate that FSF funds will be enough for any possible bank recapitalizations.