Fitch downgrades Greece, cites euro exit risk
World BusinessMay 19, 2012
ATHENS (AP) ― Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a “probable” Greek exit from the euro currency union if new national elections next month produce an anti-bailout government.Fitch said it had cut Greece’s rating by one notch, from “B-” to “CCC,” the lowest possible grade for a country that is not in default.“The downgrade of Greece’s sovereign ratings reflects the heightened risk that Greece may not be able to sustain its membe