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:
  • Debt deals and downgrades: Fitch sours Greek bondholder deal
    The same week, Standard & Poor's cut Greece's long-term ratings to “selective default” after Athens initially announced the bond swap plan. The Fitch downgrade stands in stark contrast to a debt deal which Germany’s finance ministry has called a ...
    03/9/2012 - 11:00 am | View Link
  • Fitch downgrades Greece to restricted default
    ... 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 expected ...
    03/9/2012 - 2:28 am | View Link
  • 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
  • EU debt crisis: Fitch downgrades Greece
    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.
    02/21/2012 - 10:22 pm | View Link
  • Fitch downgrades Greece
    The Fitch ratings agency says it has downgraded Greece further into junk status, from 'CCC' to 'C', following the announcement of the details of the country's debt swap deal with private creditors, CBS reports. The agency said on Wednesday the downgrade ...
    02/21/2012 - 6:42 pm | View Link
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BING SEARCH:
  • Fitch Downgrades Greece
    Greek Parliament scrambles to pass austerity, bond swap deal as unions hold protests. Continue to site >> Login; My Account; ... Analyst Upgrades/Downgrades. BizTV ...
    08/30/2016 - 4:06 pm | View Website
  • Fitch downgrades Jamaica on debt swap | Caribbean360
    Fitch Ratings has downgraded Jamaica's long ... Fitch downgrades Jamaica on debt swap ... and as a result the agency stated that both the sovereign foreign and ...
    02/14/2013 - 3:08 pm | View Website
  • Debt deals and downgrades: Fitch sours Greek bondholder ...
    Financial ratings agency Fitch hit Greece with another downgrade just as eurozone ... 350 billion mountain of debt. A successful debt swap was seen as a key to ...
    03/9/2012 - 6:54 pm | View Website
  • Fitch downgrades Greece to restricted default
    The Fitch ratings agency has downgraded Greece to "restricted default" after the country secured a strong majority of ... in bailout money to fund the debt swap.
    03/9/2012 - 8:31 am | View Website
  • Lagarde wants €28B IMF share for Greece
    Fitch downgrades Greece. When the debt relief plan was ... Because the new bonds offered in the private debt swap now put private creditors like banks and hedge ...
    03/9/2012 - 6:23 am | View Website
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