Fitch sees 1-2 notch downgrade for some euro states
Quotes

Fitch sees 1-2 notch downgrade for some euro states

Last Updated: Thursday, January 19, 2012, 16:28
 
 Comment 0
 
Fitch sees 1-2 notch downgrade for some euro states
Madrid: Fitch expects its ratings review of six eurozone states will result in downgrades of one to two notches in most of those countries, senior director Ed Parker said at a Fitch conference in Madrid on Thursday.

Fitch put Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on negative watch late last year on Dec 16.

Fitch told the eurozone at the time that it thought a comprehensive solution to the bloc's debt crisis is was beyond reach.

Rating agency peer Standard & Poor's cut ratings on a swathe of eurozone states earlier this month.

As for Spain, Parker said the review would take into account the new government's recent actions to cut costs and implement reforms, but said "there are continuing problems with the public finances and bank assets and the labour market is dysfunctional."

Parker said the review would be concluded by the end of January.

Bureau Report




First Published: Thursday, January 19, 2012, 16:28


Comments


comments powered by Disqus
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM
Samsung Galaxy Tab S
Samsung Galaxy Tab S

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved