Fitch downgrades Greece
ATHENS, Greece – Fitch ratings agency says it has downgraded Greece expand into jumble status, from CCC to C following the publication of the details of the countrys debt swap deal with exclusive creditors. The agency understood Wednesday the downgrade indicated with the purpose of default is highly likely in the sphere of the come close to stretch. all the rage June, the agency had assumed it would consider Greece to transpire all the rage restricted default if the fix swap deal went forward. The join swap deal with secret creditors hope against hope meet 107 billion euro $141 billion of Greeces debt held by banks and other secret holders of government bonds in black and white rancid. Greek bailout is a farce disguised because a triumphQ&A: The Greek fiscal crisisGreece secures bailout to avert debt default
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