Fitch downgrades Greece to 'Restricted Default'.
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Ria Novosti - Fitch Ratings has downgraded Greece’s long-term foreign and local currency issuer default rating (IDR) to “RD” (restricted default) from “C,” the ratings agency said in a press release.
It affirmed the short-term IDR at “C.”
The move follows Greece’s agreement of a debt swap with investors that opens the way to proceed with a 130-billion euro bailout.


















































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