Fitch Takes Negative Rating Actions on Greece – EKBIAZOYN ΑΠΟΤΕΛΕΣ ΜΑ ΕΚΛΟΓΩΝ !

21:47 17/5/2012 - Πηγή: Olympia

Γραφει ο ΠΟΡΤΑ ΠΟΡΤΑ

1. Ο Σφουγγαρακης μας εκανε τον προλογο… ΕΝΤΟΣ η ΕΚΤΟΣ ΕΥΡΩΠΗΣ !

2. Τα λαμογια ΦΤΙΑΧΝΟΥΝ ΚΛΙΜΑ.. με προλογο… για να μασησουμε !! ΑΛΛΑ ΔΕΝ ΕΙΜΑΣΤΕ ΓΙΔΙΑ.

3. ΔΙΑΒΑΣΤΕ ΜΟΝΟ τα μπολντ !! πιστεψτε οτι ΟΛΑ ΕΙΝΑΙ ΣΤΗΜΕΝΑ αριστοτεχνικα. Συγχρονως μην ξεχνατε ολα οσα ανηρτησα σημερα σχετικα με το

ΚΟΣΤΟΣ ΕΞΟΔΟΥ ΑΠΟ ΕΥΡΩ.

4. η FITCH ειναιο Γαλλικων συμφεροντων. ΑΝΤΙ Ολλαντ

Αυτοι ειναι οι φιλοι των ΦΙΛΟΔΑΝΕΙΑΚΩΝ ΔΥΝΑΜΕΩΝ !! ΚΑΤΑΦΟΡΗ ΠΑΡΑΒΙΑΣΗ ΤΗΣ ΕΘΝΙΚΗΣ ΜΑΣ ΚΥΡΙΑΡΧΙΑΣ και ΚΑΤΑΛΥΣΗ ΤΗΣ ΔΗΜΟΚΡΑΤΙΑΣ as we know it.

Ποιον θα ψηφισουμε ?? ΟΠΟΙOΝ ΤΟΥΣ ΠΕΙ ΓΙΑ ΤΟ ΓΡΥΛΟ ΤΟΥΣ…as they know it !

Fitch Takes Negative Rating Actions on Greece
17 May 2012 1:30 PM (EDT)
Link to Fitch Ratings’ Report: Fitch Takes Negative Rating Actions on Greece

Fitch Ratings-London-17 May 2012:

Fitch Ratings has downgraded Greece’s Long-term foreign and local currency Issuer Default Ratings (IDRs) to ‘CCC’ from ‘B-’. The Short-term foreign currency IDR has also been downgraded to ‘C’ from ‘B’. At the same time, the agency has revised the Country Ceiling to ‘B-’.

The downgrade of Greece’s sovereign ratings reflects the heightened risk that Greece may not be able to sustain its membership of Economic and Monetary Union (EMU).

The strong showing of ‘anti-austerity’ parties in the 6 May parliamentary elections and subsequent failure to form a government underscores the lack of public and political support for the EU-IMF EUR173bn programme.

In the event that the new general elections scheduled for 17 June fail to produce a government with a mandate to continue with the EU-IMF programme of fiscal austerity and structural reform, an exit of Greece from EMU would be probable. A Greek exit would likely result in widespread default on private sector as well as sovereign euro-denominated obligations, despite a moderate sovereign debt service burden following the restructuring of Greek government bonds in March.

Fitch previously assigned a single ‘AAA’ Country Ceiling across all Euro Area Member States (EAMS) reflecting the very low risk of transfer and convertibility controls being imposed within EMU and on euro-denominated debt. With exit from EMU a material and rising risk, Fitch has revised the Country Ceiling to ‘B-’ for Greece, which effectively imposes a cap on the ratings of all issuers and transactions domiciled in Greece. In the event of a Greek exit from EMU, Fitch would treat the forcible re-denomination of sovereign and private sector debt into a new Greek currency as a default event in line with its Distressed Debt Exchange rating criteria.

As Fitch previously commented (see ‘Re-Run Elections Would Be Critical for Greece, Eurozone’, dated 11 May 2012 at www.fitchratings.com), a Greek exit from EMU would break a fundamental tenet underpinning Fitch’s sovereign and other ratings in the eurozone as well as exacerbating economic and financial risks facing other EAMS. Con