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Sunday, June 5, 2011

Fitch lowered Greece rating to B+ Outlook to negative

hexun Exchange message Beijing time on May 20 evening time, the rating agency Fitch lowered Greece rating to B+ and look forward to as a negative.

Fitch said, Greece further fiscal measures to save section of political risk and/IMF of the European Union is expected to defer to Greece to provide increased risks of financial aid.

also said Greece faces the challenge to implement aggressive fiscal and structural reform, and further austerity measures must be taken. If not fully meet the financial requirements and reliable/IMF programme of the European Union, Greece rating could fall to "CCC".