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 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 ...
    08/13/2015 - 1:00 pm | View Link
  • Fitch’s Downgrades Greece to “Restricted Default” After Bond Swap
    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 to restricted default
    "A window of opportunity is opening" with the success of the deal to reduce the country's euro368 billion debt by euro105 billion, or about 50 percentage points of gross domestic product, he said. The bond swap is a radical attempt to pull Greece out of ...
    03/9/2012 - 10:24 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 ...
    03/9/2012 - 5:10 am | View Link
  • Fitch downgrades Greece on debt swap deal
    to force hold-outs to accept the swap and losses as well. Greece has until the end of February to approve more than three billion euros ($3.9bn) in additional spending cuts and amend the constitution to ensure that debt repayments take priority over other ...
    02/22/2012 - 8:51 am | View Link
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BING SEARCH:
  • Fitch Home
    International ratings agency providing issuer and bond ratings, and research banks, corporations, sovereigns, structured and municipal finance.
    09/4/2015 - 3:47 am | View Website
  • International Financing Review
    Providing global capital markets intelligence. Also editorials on all aspects of capital markets activity – debt, equities, derivatives, bonds, and loans.
    09/3/2015 - 10:51 am | View Website
  • Greek government-debt crisis
    The Greek government-debt crisis (also known as the Greek depression) started in late 2009. It was the first of five sovereign debt crises in the eurozone – later ...
    09/3/2015 - 8:06 am | 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 ...
    09/2/2015 - 2:45 am | View Website
  • New Zealand Sovereign Credit Ratings — New Zealand Debt ...
    New Zealand's foreign currency credit rating history. ... Date Standard and Poor's Ratings Group Moody's Investors Service Fitch Ratings
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