The risk of a double-dip recession is less than 50 percent, Brian Coulton, managing director of European ratings at Fitch Ratings told Reuters Insider Television in an interview on Tuesday."We still think it's a long way below 50 percent, it's not our central forecast at all," Coulton said of the risk of a double-dip recession.Asked about stress tests gauging the health of the banking sector, Coulton said large Spanish banks looked "pretty strong to us"."We do think there are problems in certain sector in particular the Spanish saving sector, but by and large, the major Spanish banks look pretty strong to us," he said.Fitch still has Greek debt rated investment grade since last downgrading the sovereign in April."The news that we've got coming through since our last rating action on Greece, which was in April has, if anything, been on the slightly more positive side," he said.(Reporting by London bonds team)(For more business news on Reuters India click http://in.reuters.com)News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment