Sunday, 22 May 2011

Fitch Cuts Greece to B+, Says Maturity Extension Is Default

http://noir.bloomberg.com/apps/news?pid=20601087&sid=an1wId91x0qI&pos=2

“An extension of the maturity of existing bonds would be considered by Fitch to be a default event and Greece and its obligations would be rated accordingly,” Fitch said.    

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