Greece Downgraded –

Fitch Ratings downgraded Greece one notch from B- to CCC.  A lower grade would place Greece in default.  The Greece downgrade was partially due to the risks associated with a possible exit from the European Union.  Greek elections are expected to be held in mid-June and could produce a government that does not support the austerity plan.

To read a related Businessweek article, please click here:

James Sutliff

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