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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 Ratings Downgrades Outlook for Chinese State-Owned Banks
    Fitch Ratings has downgraded the outlook for six Chinese state-owned banks amid concerns about the government’s ability to support the sector in the event of stress. The move comes after the ...
    04/15/2024 - 10:57 pm | View Link
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    04/12/2024 - 3:44 pm | View Link
  • Fitch Downgrades China Debt Outlook, Asian Stocks Mixed
    Fitch added that China’s fiscal policy is expected to play a key role in supporting growth in the coming years, which will keep its debt rising. They downgraded their outlook on China’s long ...
    04/10/2024 - 12:07 pm | View Link
  • Fitch downgrades China's credit rating outlook on debt concerns
    Now, last time we saw a wave of credit downgrades was back in 2017 for Moody's and S&P, 2013. When you look at Fitch, there are questions, guys, though, about the appetite for stimulus.
    04/10/2024 - 3:43 am | View Link
  • Fitch Cuts China Outlook to Negative on Steady Rise in Debt
    Fitch Ratings revised China’s outlook to negative from stable, saying the government is likely to pile on debt as it seeks to pull the economy out of a real estate-driven slowdown. Growing ...
    04/9/2024 - 10:39 pm | View Link
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