Fitch may downgrade Greece if country doesn't agree with troika until May
Greece could face a rating downgrade if it cannot come to an agreement with its international lenders by May, when Fitch will assess the country, said Douglas Renwick, the firm's head of western European sovereigns on Thursday.
"If by our next review on the 15th of May there is no progress on these talks or they look to be failing, of course that would be a trigger for a downgrade," said Renwick. "Alternatively, if a deal is reached with more financing and more support, then that may be a cue to affirm the rating."
Fitch revised the outlook on Greece's B rating to negative from stable earlier this month.
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