Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
Economic sentiment stable in June, but consumer confidence drops
BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
IMF raises outlook on Greek debt sustainability to merely 'uncertain'
Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
In an unexpected move on Friday evening, Fitch Ratings downgraded Greece’s long-term Issuer Default Ratings (IDRs) by three notches to ‘CCC’ from ‘B’.
The scheduled rating review was on May 15. However, Fitch believes that developments in Greece warrant a deviation from its calendar.
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