Fitch affirms Greece at “B”; outlook stable

Fitch reaffirmed B/Stable outlook for Greece and country ceiling of BB. 

Fitch expects Troika review to be concluded by end 2014. It sees, however, some risk the review to move into early 2015.

According to Fitch, Greece has covered its funding needs until Q2 ΄15 without the need for extra funds from the Troika or the markets. It also mentions the possibility of early elections in Q1 ΄15 with the risk being the new govt not to be so supportive of economic and fiscal reforms.