The Global rating agency, Fitch Ratings downgraded Greece ‘s credit outlook to negative from stable, on Friday, January 16, due to the rising political uncertainty, in light of the January 25 elections. However, the agency kept the country’s credit rating unchanged at ‘B,’ indicating highly speculative.
“The current period of political uncertainty has increased the risks to Greece ‘s creditworthiness as official financing and any potential reopening of market access, could be delayed for some months. Early elections to be held on 25 January have made the direction of Greek policymaking more uncertain,” Fitch said in a statement.
(source: AFP)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
