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Fitch Ratings

Fitch Upgrades Cyprus's Long-Term Foreign-Currency IDR to BB+ with a Positive Outlook

Fitch Ratings has upgraded Cyprus's Long-Term Foreign-Currency Issuer Default Rating (IDR) to BB+ from BB with a positive outlook. The rating is just one step before the investment scale. Fitch said that future developments that may, individually or collectively, lead...

Greek Bond Yield Falls After Fitch Upgrade

The yield on Greek government bonds fell to 3.25%, close to the lowest level since 2009, following an upgrade by Fitch Ratings. The yield of the 10-year bond fell 5 basis points to 5.58% at the beginning of the tender...

Fitch: Greece’s Preliminary Deal With Creditors Is Positive Step for Unlocking Aid

The preliminary agreement between Greece and its international creditors is a positive step towards unlocking funds that will enable the country to meet its July debt maturities, Fitch Ratings said in a press release on Thursday. It is also...

Fitch: Greece's Program Review Will be Completed Well Ahead of July

The second review of Greece's third bailout program will be completed well ahead of July, maintaining access to official funding, Fitch Ratings said in a press release on Monday, adding that the recurrent tensions between the country and its...

Fitch: Capital Controls Could Ease in Greece From Late 2016

Capital controls could be gradually relaxed from late 2016 if the political landscape remains stable and Greece continues to implement the reforms envisaged in its economic adjustment program, Fitch Ratings said in a press release on Wednesday. The agency added...

Fitch Ratings Affirms Greece at 'CCC' Rating

Greece has been assessed as having CCC's Issuer Default Ratings for its long-term foreign and local currency, Fitch Ratings in London announced in a release. Fitch explained that Greece's financial assistance program with the European Stability Mechanism of up to...

Fitch Upgrades Cyprus to B+

Fitch Ratings upgraded on Friday Cyprus` long term foreign and local currency issuer default ratings (IDRs) to `B+` up from `B-` with a positive outlook. The international rating agency says in a press release that the issue ratings on Cyprus`...

Fitch: Greek Depositors will Likely Avoid Haircut

Greek depositors will possibly avoid a haircut when Greece will have to implement the Bank Recovery and Resolution Directive (BRRD), Fitch Ratings said in a report on Wednesday, warning however that this will only happen if the directive is...

Fitch Upgrades Greece to 'CCC'

Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to "CCC" from "CC." The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been upgraded to "CCC" from...

'Restricted Default' for Greek Banks: Fitch Ratings

Fitch Ratings downgraded Greek banks to "restricted default" Monday, a day after the Greek government imposed capital controls that include limits on deposit withdrawals and closed Greek banks for a week. Here's the full release by Fitch Ratings: Fitch Ratings-Barcelona/London-29 June...