Fitch Ratings said it had lowered from “B” to “CCC” the sovereign rating of Greece, believing that access to capital markets closed, the strained liquidity of the country and the uncertainty about the date of the granting aid from creditors put the state finances under pressure.
The rating agency, like Moody’s and Standard & amp; Poor’s raised its rating of Greece after signs of a return on the rails of an economy after six years of recession.
But since coming to power in January of anti-austerity party Syriza has strained relations between Greece and its creditors, namely the European Union and the International Monetary Fund (IMF).
Greece submitted in the day to its creditors meeting within the “Brussels Group” a detailed list of reforms designed to secure a small primary budget surplus this year, hoping to unlock new funding, said government officials Greek.
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