Wednesday, July 13, 2011

Fitch ratings downgrades Greece by 3 notches

















Fitch ratings agency has downgraded Greece's sovereign debt by three notches to CCC, deeper into junk status and one notch above default.


Wednesday's downgrade brings Fitch in line with the other two major agencies, Moody's and Standard and Poor's, which had downgraded Greece to a similar rating last month.

Associated Press