Bloomberg News

Greece Has Ratings Upgraded by Fitch on Distressed Debt Exchange

March 13, 2012

Greece had its long-term foreign and local currency issuer default ratings raised to B- with stable outlooks from Restricted Default by Fitch Ratings, which cited the 96 percent participation in the distressed debt exchange.

The short-term foreign currency IDR has been upgraded to B from C.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net


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