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 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 ...
    03/8/2012 - 9:10 pm | View Link
  • 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 ...
    02/22/2012 - 12:40 am | View Link
  • Morning Market Roundup: Fitch Downgrades Greece (‘Who Cares?’), Dell Earnings Fall Short
    Here’s what’s important in the financial world this morning: EU: Fitch downgraded Greece’s debt ... holding Greek debt accept a debt swap in which they exchange their bonds for lower-value debt. (Related: Fitch Downgrades Greek Debt Citing ...
    02/21/2012 - 9:00 pm | View Link
  • Fitch Downgrades Greece to C, Indicating Default 'Highly Likely'
    Greece scrambled Wednesday to adopt a batch of emergency laws that will further cut incomes and government spending, a day after securing a new bailout and debt relief deal ... Greece in "restrictive default" once the bond swap is completed — a warning ...
    02/21/2012 - 6:13 pm | View Link
  • Fitch downgrades Greece to 'highly likely to default'
    ATHENS, Greece - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal ... default" once the bond swap is completed - a warning it ...
    02/21/2012 - 11:01 am | View Link
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