Fitch pushed Greece’s credit rating deeper into junk territory on Friday, warning of even further downgrades if the EU and the IMF do not come up with a credible plan to resolve the country’s debt crisis. “The rating downgrade reflects the scale of the challenge facing Greece in implementing a radical fiscal and structural reform program necessary to secure solvency of the state and the foundations for sustained economic recovery,” Fitch said in a statement. – Reuters
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply