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.

RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailoutCyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demandBaby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour busSwedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
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 ...
    06/13/2015 - 1:00 pm | View Link
  • Fitch’s Downgrades Greece to “Restricted Default” After Bond Swap
    The Fitch ratings agency downgraded Greece to “restricted default” after the deal, in which those who refused ... However, it is unlikely the hedge funds could derail the overall debt swap, a crucial precondition for receiving a second bailout from ...
    03/9/2012 - 11:00 am | View Link
  • Fitch downgrades Greece to restricted default
    The Fitch ratings agency has downgraded Greece to "restricted default" after the country secured a strong majority of private creditors to participate in a bond swap deal that will wipe off about euro105 billion from its national debt. Friday's move was ...
    03/9/2012 - 10:24 am | View Link
  • Moody's downgrades Greece after debt swap
    New York: Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level ... a widely expected downgrade after the country announced the bond swap. Fitch had announced a cut to its lowest rating above default last ...
    03/3/2012 - 7:00 pm | View Link
  • Fitch downgrades Greece on debt swap plan
    ATHENS, Feb 23 — Fitch yesterday cut Greece’s long-term ratings 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.
    02/22/2012 - 7:04 pm | View Link
  • More
BING SEARCH:
  • Fitch Ratings
    International ratings agency providing issuer and bond ratings, and research banks, corporations, sovereigns, structured and municipal finance.
    06/30/2015 - 8:05 am | View Website
  • International Financing Review
    Hedges trimmed. IFR 2089 27 June 2015 to 3 July 2015. Since credit default swaps became synonymous with the financial crisis, dealers have done their level best to ...
    06/30/2015 - 5:13 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    06/30/2015 - 3:54 am | View Website
  • Covered Bond News | The Cover
    Market wrap. Covered bonds price for Greek agreement. Covered bond spreads were tentatively tighter on Friday in the expectation that some sort of deal would be ...
    06/29/2015 - 11:22 pm | View Website
  • 2000s European sovereign debt crisis timeline
    From late 2009, fears of a sovereign debt crisis developed among fiscally conservative investors concerning some European states, with the situation becoming ...
    06/29/2015 - 8:42 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News