Rating agency lowers the note B + to CCC. Fitch says that the new rating reflects the absence of a new programme of the EU and the IMF for Greece, fully funded and credible. Greece needs 71 billion euros more than the EU, according to the IMF. Of rating: unknown power that destabilizes the economies. The Fitch international credit rating agency has reduced once more the the sovereign debt rating of Greece, passing from B + to CCC, which is equivalent to consider that the non-payment of debt is a real possibility. In a statement issued Wednesday, Fitch says that the new rating reflects the absence of a new program of the European Union (EU) and of the International Monetary Fund (IMF) to Greece, fully funded and credible. The American Agency analysts claim that this growing uncertainty surrounding joins the role that must be played private creditors in any future financing, in addition to the weakened macroeconomic forecast for Greece. With a note by CCC for long-term debt, Greece is now on the penultimate step of Fitch.
Meanwhile, the rating for the short-term debt has been reduced b to C, which also equals anteultimo rung of grades handled by this agency. Fitch explains in its press release that the note CCC means a substantial credit risk and acknowledges that a (Greek debt) default is a real possibility. It also ensures that include the private sector in any solution would be regarded as a signal of a decline in the sovereign credit and that could trigger non-payment. The needs of Greece on the other hand, the International Monetary Fund (IMF) was 71 billion euros the money that Greece will need additional form of the European Union and in some 33,000 million private creditors before being able to return to the markets in 2014. The extra amount that would have to provide the zone euro would add to the 80,000 million already committed in May 2010 as part of a rescue plan for three years together with the IMF totalling 110 billion euros, according to the latest report on Greece published Wednesday by the Fund. The j of the Mission of the IMF for Greece, Poul Thomsen, said the Fund has no scheduled moment participate in the second rescue plan. Greece defends the Finance Ministry Greek criticized the last rebate of its solvency by Fitch and said have not taken into account the most recent decisions on a new rescue. Fitch made the announcement despite the fact that the timing of the actions of the Group of the euro and the IMF are already determined and are known, said a statement released in Athens. Source of the news: the Fitch agency cut the solvency of Greece until the real possibility of bankruptcy