Fitch keeps Greece’s rating at ‘CCC’

Economy Tags: Ratings
Photo by Panayiotos Tzamaros
Photo by Panayiotos Tzamaros

Fitch affirmed Greece’s rating at ‘CCC’ in its scheduled rating review published on Friday evening. The rating agency’s baseline scenario is that an agreement will be reached between the Greek government and creditors.

Specifically, Fitch believes that the eurozone would be prepared to proceed and disburse the next bailout tranche without IMF involvement taking into consideration that the Greek government is compliant with the European Stability Mechanism (ESM) progra...

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