Tuesday, June 22, 2010

Fitch Assess Economic Conditions

Rating agency Fitch Ratings will review the progress and impact of Greek fiscal plan before deciding on the next debt ratings. Fitch also noted the economic development of Spain, and Portugal.

Brian Coulton, Fitch Ratings Global Chief Economist revealed that in Seoul, Tuesday (22 / 6). For your information, June 14 and Moody's Investors Service cut its debt rating from A3 to Ba1 Greek or junk. Sarah Carlson Moody's analysts estimate, there are 7% chance of going to Greece failed to pay within the next five years.

Coulton said, Fitch is currently more worried about the medium-term growth prospects of Spain and Portugal. Understandably, the foreign debt of the private sectors in both countries is highly regarded.

Steps agencies so deftly cut the debt ratings of Greece could make the European central bank chills. ECB said that rating agencies were not responsible in asking assessments.

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