Fitch Downgrades Greece On Lack Of Funding Program

NEW YORK (Reuters) - Fitch Ratings on Wednesday downgraded Greece deeper into junk territory, citing the absence of a new and fully funded financing program for the country.

Sections:  news   world   
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • Fitch downgrades Greece amid bailout uncertainty
    ATHENS, Greece ... six years. “Lack of market access, uncertain prospects of timely disbursement from official institutions, and tight liquidity conditions in the domestic banking sector have put extreme pressure on Greek government funding,” Fitch ...
    03/29/2015 - 3:48 am | View Link
  • Fitch downgrades Greece
    Fitch on Friday cut Greece’s credit rating to ‘CCC’ from ‘B’ saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding. Fitch, Standard & P ...
    03/27/2015 - 10:11 pm | View Link
  • Fitch Downgrades Greece's IDRs to 'CCC'
    The issue ratings on ... High Lack of market access, uncertain prospects of timely disbursement from official institutions, and tight liquidity conditions in the domestic banking sector have put extreme pressure on Greek government funding.
    03/27/2015 - 10:17 am | View Link
  • Fitch downgrades Greece amid uncertainty over new government's bailout reforms
    The agency late Friday said it had lowered the country's rating deeper into non-investment grade status from B to CCC, citing "extreme pressure on Greek government funding ... but kept Greece in a punishing recession for six years. "Lack of market ...
    03/27/2015 - 8:53 am | View Link
  • Fitch Revises Outlook on Greece to Negative; Affirms at 'B'
    prolonged political turmoil combined with a lack of funding would place serious strains on the government's cash flow by the summer. Tighter liquidity conditions in the general economy would risk derailing the recovery in the Greek economy. Greece's 'B ...
    01/16/2015 - 3:11 am | View Link
  • More
  • News Viewer
    The Rock & Roll Hall of Fame will add six artists to its collection in 2018 with acts spanning hard rock, new wave, art rock and gospel, Greg Harris, president and ...
    12/15/2017 - 1:07 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    12/14/2017 - 9:47 pm | View Website
  • via FastFT
    Trump suffers setback in Alabama Senate election Alwaleed’s investment kingdom reels without its prince Brussels rules out early Brexit ...
    12/14/2017 - 4:32 pm | View Website
  • Today's Stock Market News and Analysis
    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    12/14/2017 - 2:59 pm | View Website
  • RMB | Traditional values. Innovative ideas
    The rand firmed against the dollar yesterday as the greenback retreated, while a recovery of Steinhoff’s shares following a week of turmoil at the global retailer ...
    12/14/2017 - 10:19 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News