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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    While some investors indicated they will sue, Greece said it didn’t care and German Finance Minister Wolfgang Schaeuble said, “The agreement with private creditors on the Greek debt swap is a big step towards stabilization and consolidation to a ...
    03/9/2012 - 11:00 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 - 11:00 am | View Link
  • Fitch downgrades Greece on debt swap plan
    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.
    02/22/2012 - 5:58 am | View Link
  • EU debt crisis: Fitch downgrades Greece
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  • Fitch downgrades Greece, will reassess after debt swap
    Athens: Fitch downgraded Greece on Tuesday to 'C' from 'CCC', a move widely expected after the country said it may enforce losses on bondholders who do not voluntarily sign up to a debt swap plan accompanying its EU/IMF-approved bailout. "The exchange, if ...
    02/21/2012 - 11:30 pm | View Link
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