Fitch raises Greece rating after new bailout deal struck
Fitch Ratings
Washington - Arab Today
Fitch Ratings raised its credit grade for Greece by one notch to CCC Tuesday, saying the new bailout deal reached with EU institutions lowered the chance of a new default.
The August 14 deal setting the framework for a third rescue program "has reduced the risk of Greece defaulting on its private sector debt obligations," Fitch said.
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