The Standard & Poor’s agency on Friday reaffirmed Greece’s sovereign rating at CCC+ with a stable outlook. S&P also predicted that the country’s economy will shrink by 3 percent in 2015.

Moreover, the agency said Greece’s public debt remains unsustainable without additional restructuring, while the economy will continue to shrink due to capital controls although the risk of a euro exit has decreased.

“Although the Greek economy remains fragile and the September 20 election outcome uncertain, we think the risk of Greece leaving the eurozone has receded to less than a one-in-three likelihood”, S&P stated.