Fitch May Downgrade Six EU Nations
Fitch management says that its review of the finances of nations in the EU may cause a downgrade of one to two levels for six countries. So far, downgrades by S&P have not prevented nations in the regions from raising…
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Fitch management says that its review of the finances of nations in the EU may cause a downgrade of one to two levels for six countries.
So far, downgrades by S&P have not prevented nations in the regions from raising money at rates much better than a month ago. That means the Fitch actions may have little effect.
Fitch told the euro zone (in December) that it thought a comprehensive solution to the bloc’s debt crisis is was beyond reach.
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