ECONOMY

Fitch says Greece’s rating may fall sharply (Update)

Ratings agency Fitch said Greece?s sovereign credit rating could come under significant pressure unless the government is able to regain access to term finance towards the end of this year or it receives ?clear and timely statements of additional support from official creditors.?

If that doesn?t happen, Greece?s rating ?could fall sharply,? Fitch said in a report on Thursday.

?A key test of the success of the IMF-EU program will be for the government to regain access to the capital market at affordable interest rates,? it added.

Fitch rates Greece double-B plus or one-notch into sub-investment grade territory. The outlook on the rating is negative.