Bloomberg News

Greek October 2022 Bonds Stay Lower After Fitch Rating Downgrade

February 22, 2012

Feb. 22 (Bloomberg) -- Greek benchmark October 2022 bonds stayed lower after Fitch downgraded the nation’s credit rating to C from CCC.

The yield on the securities climbed 63 basis points to 34.05 percent at 11:38 a.m. London time.

A default by Greece is highly likely in the near term, the ratings company said in a statement today.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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