Wednesday July 1 2015
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: Greece
Link: https://www.fitchratings.com/site/fitch-home/pressrelease?id=987243
Fitch Ratings has downgraded Greece`s Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to `CC` from `CCC`. The issue ratings on Greece`s senior unsecured foreign and local currency bonds have also been downgraded by one notch to `CC` from `CCC`. The Short-term foreign currency IDR has been affirmed at `C`. The Country Ceiling has been lowered by one notch to `CCC` from `B-`.
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