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

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.