Fitch: larger bondholder haircut equals better Greek rating
I will be on BNN at 1240 ET and this is one of the subjects we’ll be discussing.
"The larger the haircut that bondholders accept, the better the outlook for the Greek sovereign from a credit quality perspective after the default," said Tony Stringer, a country debt analyst with Fitch.
"That is because the debt burden would be lifted and consequently the need for austerity would be less," he told Reuters.
If you were Greece and you heard this, what would you do?
(Hat tip Cardiff Garcia)
Source: Deeper bondholder loss could help Greek rating -Fitch – Reuters