Road to investment grade has now opened

Sunday's election result paves the way for Greece's recovery of investment grade and for the continuation of the country's significant economic performance, which is superior to the whole of the eurozone, according to rating agencies.

They say the clear political horizon is a credit positive event for Greece, which has essentially started counting down for its return to investment grade, that will have multiple positive effects on the economy and the market. 

New Democracy's strong majority "practically guarantees policy continuity, including efforts to increase private and public investment, which we believe will boost the growth of Greece, which is expected to outperform the eurozone in the medium term," Federico Barriga, Fitch's chief analyst for Greece, tells Kathimerini.

The result "will bring another period of political stability to Greece and ensure...