Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact

Economy Tags: Coronavirus, Debt, Markets, Ratings
Photo by MacroPolis
Photo by MacroPolis

Fitch published on Thursday night a rating review for Greece outside its regular schedule in which the outlook for the country was revised from positive to stable, re-affirming the rating of ‘BB’ that it had granted in the end of January this year, two notches away from investment grade.

Fitch noted that according to EU credit rating agency regulations, the agencies are only allowed to deviate from their regular published framework in cases where they have to comply with their legal obligations and in this event there is a material chan...

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