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ATHENS, Greece — In another sovereign downgrade, the Fitch agency slashed Greece’s creditworthiness Wednesday by three notches, sending it further into junk status — and just one grade above default.
The agency cut Greece’s rating from B+ to CCC, bringing it broadly in line with the other two major agencies, Moody’s and Standard & Poor’s, which had downgraded the country’s bonds to a similar level last month.
Greece relies on loans from a $155 billion bailout from other euro-zone countries and the International Monetary Fund, and talks are underway for a second bailout to keep its crisis from destabilizing larger European economies.
