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Fitch affirms Greeces CCC rating

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Fitch Ratings has affirmed Greeces Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at CCC.

Fitchs baseline is that an agreement will be reached.

This implies that the Greek government may have to adopt additional fiscal measures, which increases the risk of early elections as Syrizas slim parliamentary majority (153 out of 300 seats) makes it harder for the government to maintain sufficient support for unpopular measures.
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