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...

Fitch Ratings has affirmed Greece's Long-term foreign- and local currency Issuer Default Ratings (IDRs) at 'CCC'. The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been affirmed at 'CCC'. The Short-term foreign currency IDR...

Fitch Ratings said it no longer assumes that Cyprus will use the entire €10 billion of its international bailout package from two years ago. The credit ratings agency said it has affirmed Cyprus' long-term foreign and local currency Issuer Default...

The reforms list presented by the Greek government is currently being examined by the Brussels Group, as part of the negotiations between Greece and its lenders. The Greek side hopes that an agreement will be reached within the week, so that...

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,'...

International media continue to comment on the forthcoming European Parliament elections and the prospect of Greece’s main opposition Coalition of the Radical Left (SYRIZA) party topping the vote, while also referring to the possibility of early national elections in...

Fitch Ratings on Friday upgraded Greece's sovereign rating to B from B-, still in junk territory. The ratings firm cited the country's improved performance under the European Union-International Monetary Fund program, falling near-term liquidity risk and a better fiscal track...

Greece ’s credit rating will be increased one level by Fitch Ratings, which cited an improving economic and fiscal outlook for the country that sparked Europe’s sovereign debt crisis. Greece’s long-term debt will be raised to B, five levels below...

New data by the Bank of Greece reveal that the Greek real estate market slumped by 9.2 percent during the third quarter of 2013, which according to Eurostat was the second-worst performance among European Union countries, following new EU...

Fitch Ratings on Monday affirmed Greece’s long-term foreign and local currency issuer default ratings (IDR) at B-. The issue ratings on Greece’s senior unsecured foreign and local currency bonds have also been affirmed at B-. The outlook for the long-term IDRs...