Friday, January 21, 2011

Greece must access markets by end 2011 -Fitch

Greece must regain access to debt markets by the end of the year or receive additional international funding if it is to avoid further ratings downgrades, ratings agency Fitch said on Friday.
"If they don't regain access to the market by the end of 2011 then their rating will come
down further in the absence of additional funding from the EU/IMF," David Riley, global head of sovereign ratings at Fitch Ratings, said at a conference.

Riley added that he expects Greece will require more external funding.





source: Reuters