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Fitch raises Greek credit rating one notch to 'B-'

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(Globalpost/GlobalPost)

Fitch Ratings raised Greece's long-term credit rating by one notch to 'B-' on Tuesday, removing it from being at risk of default, citing progress in balancing the country's finances and improving its trade competitiveness.

"The Greek economy is rebalancing: clear progress has been made towards eliminating twin fiscal and current account deficits..." said Fitch, adding that its outlook was stable.

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http://www.globalpost.com/dispatch/news/afp/130514/fitch-raises-greek-credit-rating-one-notch-b