Greece needs "durable" aid agreement to avoid downgrade: Fitch
[LONDON] Greece needs to secure a"durable" aid agreement with the rest of the euro zone to avoid a further downgrade of its already sub-investment grade sovereign rating, one of Fitch's top analysts said on Tuesday. "We believe that an agreement will ultimately be reached between Greece and its European partners as Grexit would be costly for both parties. Failure to reach a durable agreement would lead to a rating downgrade," Fitch's head of EMEA sovereigns, Ed Parker, said in a question and answer session In the Reuters Global Markets Forum chatroom.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Australian inflation boosts case for higher-for-longer rates
The American small-business tyrant has a favourite political party
China’s prices are just too low for buyers to sweat about tariffs
Japan’s corporate service inflation perks up in March
New Zealand first-quarter imports fall amid sluggish economy
Hong Kong crypto ETF launches will test ambition to be digital-asset hub