Fitch upgraded Greece to ‘B-‘; Outlook stable

Fitch upgraded yesterday Greece’s Long-term foreign and local currency IDRs to ‘B-‘ from ‘CCC’. The Short-term foreign currency IDR has also been upgraded to ‘B’ from ‘C’ and the Country Ceiling upgraded to ‘B’ from ‘B-‘. The Outlook on the Long-term IDRs is Stable. The upgrade of Greece’s sovereign ratings by one notch to ‘B-‘…

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