Fitch Downgrades Greece On Debt Swap Plan

Greece Bailout

ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

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BING NEWS:
  • Fitch downgrades Greece on debt swap plan
    Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden. It said Greece ...
    01/18/2016 - 11:00 am | View Link
  • Brief Euro Rebound Stalls as Fitch Downgrades Greece
    Fitch had previously raised Greece’s credit rating from “restricted default” to B- on March 13 after the conclusion of the country’s debt swap at the end of February, which reduced the face value of the Hellenic Republic’s debt burden by over 100 ...
    05/17/2012 - 7:07 am | View Link
  • Fitch’s Downgrades Greece to “Restricted Default” After Bond Swap
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    03/9/2012 - 11:00 am | View Link
  • Fitch downgrades Greece to restricted default
    "A window of opportunity is opening" with the success of the deal to reduce the country's euro368 billion debt by euro105 billion, or about 50 percentage points of gross domestic product, he said. The bond swap is a radical attempt to pull Greece out of ...
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  • FITCH DOWNGRADES GREECE TO 'RESTRICTED DEFAULT'
    Fitch said it will raise Greece's issuer rating from "RD" after its debt swap has been completed on March 12. Here's the full release: Fitch Downgrades Greece to 'Restricted Default' from 'C' Ratings Endorsement Policy 09 Mar 2012 10:07 ...
    03/9/2012 - 5:10 am | View Link
  • Fitch downgrades Greece on debt swap deal
    Greek unions have staged fresh protests as the country's parliament debates emergency legislation to implement a eurozone bailout deal and Fitch ratings says the country is close to default. Greece, bolstered by a hard-won 237bn euros ($310bn) rescue ...
    02/22/2012 - 8:51 am | View Link
  • Fitch downgrades Greece on debt swap plan
    It said Greece would be designated as having technically defaulted after the bond exchange is formalized, but the new bonds would be give and new rating. All three big ratings agencies -- Fitch, Moody's and Standard & Poor's -- downgraded Greece in July ...
    02/22/2012 - 2:14 am | View Link
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