Fitch's Greek Statement

One of the world's leaders in credit ratings and research, the firm has graded Greece with a B- rating. Friday's Fitch statement regarding the nation proclaimed, "The generation of a primary surplus a year ahead of schedule in 2013 is a key measure of Greece's enhanced ability to pay its way since restructuring its sovereign debt in 2012. Regaining market access has been a key objective of the Greek programs and Thursday's issue was heavily oversubscribed. But its success does not guarantee that Greece will have made a sustainable return to market funding by the time the current program ends later this year. Market funding at around 5 percent is more expensive than the average annual cost of [creditors'] funds of 2 to 3 percent".