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Fitch

Greece to Repay IMF Bailout-Era Debt Two Years Early

Greece will repay its bailout-era debts to the International Monetary Fund (IMF) in April, some two years early, Finance Minister Christos Staikouras announced on Saturday. Speaking on Skai TV, Staikouras said that the final payment will be made "in the...

Fitch Changes Greece’s Credit Outlook to Positive

Credit ratings company Fitch bumped Greece's credit outlook from stable to positive on Friday. The country's rating remains at BB, which is two ranks below investment grade. Fitch estimated in its new report that Greece's economy grew 8.3% in 2021,...

Fitch Retains Greece's Rating at "BB-"

Fitch Ratings retained Greece’s credit rating at ‘BB-‘ and its outlook at “stable” on Friday, a few weeks after the latest Greek foray in the money markets with a seven-year bond. Last February Fitch had also kept Greece’s rating at...

Fitch Upgrades Greece's Rating to B-

Fitch Ratings has upgraded Greece's credit rating from CCC to B- on Friday, an improvement that leaves the country's state bonds well below investment grade. Greece's third bailout program review is due in the autumn and the ratings agency said...

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 Downgrades Greece Further to 'CC'

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

'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...

Fitch Affirms Greece at 'CCC'

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: Cyprus May not Use Entire Bailout

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...

Fitch Downgrades Greece to 'CCC' from 'B'

Fitch Ratings has downgraded Greece's long-term foreign- and local currency Issuer Default Ratings (IDRs) to 'CCC' from 'B'. The issue ratings on Greece's senior unsecured foreign and local currency bonds are also downgraded to 'CCC' from 'B'. The Short-term...