Fitch downgrades Greece to ‘CC’

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01.07.2015, 13:28

Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CC' from 'CCC', Reuters reports.

Fitch downgrades Greece to ‘CC’

YEREVAN, July 1. /ARKA/. Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CC' from 'CCC', Reuters reports.

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-'. –0--

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