Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year

Economy Tags: Markets, Ratings
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

Fitch published its latest credit rating review on Friday, essentially affirming the consensus that has been building up in the markets during the recent months, that the prospect of the investment grade is being pushed out to 2023.

Fitch kept Greece at ‘BB’, with the positive outlook also unchanged, leaving the agency one notch behind S&P that has Greece at ‘BB+’ and two notches from investment grade. It is also one notch ahead of Moody’s that has its own scale and is currently at...

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