Fitch downgrades Greek banks after sovereign downgrade

April 1, 2015 3:34 PM

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April 1 (Reuters) - Fitch Ratings downgraded four Greek banks' long-term issuer default ratings (IDR) to 'CCC' from 'B-', following the downgrade of the country's sovereign rating last week.

The downgrade reflected Greece's weaker economic prospects, which put the banks' asset quality and solvency at further material risk, the ratings agency said. (

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