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Greece needs "durable" aid agreement to avoid downgrade: Fitch

Tuesday, March 3, 2015 - 18:41
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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.

[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