Friday, March 9, 2012
Fitch just downgraded Greece from “C” to “restricted default.”
This designation hardly comes as a surprise, since the ratings agency had previously said that the country’s planned debt restructuring would throw it into restricted default.
Fitch’s decision mirrors a recent downgrade from Standard & Poor’s which put Greece in “selective default.”
This article was posted: Friday, March 9, 2012 at 9:56 am