Fitch cuts Greece's debt rating a notch

By Staff Reporter
AFP Global Edition

May 17, 2012 14:19 EDT

Rating firm Fitch downgraded Greece's credit a notch Thursday, to CCC from B-, citing political uncertainty over the country's commitment to a crucial bailout and possible exit of the eurozone.

"The downgrade of Greece's sovereign ratings reflects the heightened risk that Greece may not be able to sustain its membership of Economic and Monetary Union (EMU)," Fitch Ratings said in a statement.

Source: AFP Global Edition

 

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