Source:HIKING(BINZHOU) INTERNATIONAL TRADING SERVICE CO.,LTD AddTime:2014/12/16 10:40:29
Fitch downgrade of Greece to CCC
International rating agency Fitch company announces 17 days, because of the risk of a Greek exit from the euro is increasing, the agency decided to Greek long-term foreign currency debt downgrade from B- level to CCC level, short-term foreign currency debt rating from B down to C level.
Fitch believes that the recent parliamentary elections in Greece and the parties attempt to form a cabinet failed in fact, reflects the Greek domestic public and politicians are not supported in fiscal austerity plan.
Fitch said in a statement, if re elected in June 17th and the cabinet again failed, then Greece out of the euro zone will be possible, at the appointed time or will be in the private sector and euro denominated sovereign debt default appear big range.
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