Eurozone Debt Crisis - Credit Ratings

  on June 17 2011 12:34 PM

As debt crisis linger, credit rating agencies are scurrying to lower European countries credit ratings.

S&P downgraded Greece on June 13th to CCC from B with negative outlook.

Fitch last downgraded Greece three notches to B+ on May 20th.

In the coming days/week, look for Fitch to follow its counterpart S&P in downgrading Greece lower.

The following chart exhibits the European countries in crisis with their respective credit ratings:

Courtesy of Reuters

http://graphics.thomsonreuters.com/11/03/EZ_CRTG0311_SB.gif

Read: S&P Downgrades Greece to CCC from B with Negative Outlook

 

 

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