Greece credit rating downgraded by Fitch

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Greece credit rating downgraded by Fitch

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04-10-2010, 12:16 AM

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Greece credit rating downgraded by Fitch

Greece’s woes intensified today after ratings agency Fitch downgraded the country’s credit rating amid fears over its rescue plan.Fitch downgraded Greece’s rating by two notches, from BBB+ to BBB-, as the cost of Greek borrowing continues to soar. The BBB- rating is significant since it is the lowest rating that qualifies as an investment grade [...]

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