Calamos Supports Greece
GreekReporter.comGreek NewsEconomyFitch Puts Greece On Review for Possible Downgrade

Fitch Puts Greece On Review for Possible Downgrade

Ratings agency Fitch said Tuesday it has placed Greece’s ‘BBB-‘ long-term foreign and local currency Issuer Default Ratings (IDR) on Rating Watch Negative (RWN) pending the outcome of a potential downgrade.
“A RWN indicates that there is a heightened probability that Greece’s sovereign ratings will be downgraded,” Fitch said in a press release.
“The review, which is expected to be completed during January 2011, will focus on an assessment of Greece’s fiscal sustainability in the wake of the measures that the authorities have taken this year under the IMF-EU programme, the outlook for the Greek economy and also the political will and capacity of the Greek state to carry the measures required by the IMF-EU programme through to a successful conclusion.”

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts