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' After Bond Swap Deal
    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 ...
    03/8/2012 - 9:31 pm | 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
  • 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 - 9:05 am | View Link
  • Fitch downgrades Greece on debt swap plan
    ATHENS (Reuters) - Fitch cut Greece's long-term ratings ... All three big ratings agencies -- Fitch, Moody's and Standard & Poor's -- downgraded Greece in July when an initial debt swap plan was unveiled and have warned that losses for private creditors ...
    02/22/2012 - 2:14 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
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