Fitch downgraded to junk Greece or spread to the Chinese market

 According to Voice of economic reports, the international rating agency Fitch announced that Greece's sovereign credit rating cut to junk status, and stressed that the country itself out of the debt crises of sustained suspicion. Experts predict that this event will constitute a drag on the euro, in the long run will also indirectly affect China's capital market.

international rating agency Fitch on Friday (14) that the Greek sovereign credit rating cut by the level lowered to BBB-BB + level, the rating outlook is negative. And stressed that for Greece itself out of the debt crises of sustained suspicion. So far, three major international rating agencies to Greece's sovereign ratings have dropped to junk status. Fitch believes that poor Greek mid-term stability of bonds, as well as Greece return to the international market uncertainty. Analysts pointed out that Fitch downgraded Greece's sovereign rating shows that although Greece has taken a lot of harsh austerity measures, and the European Union (EU) and the International Monetary Fund (IMF) assistance given to Greece, but Greece still faces severe situation, its debt problems or will continue.

years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Is plotting a new layout of the main funds, principal analyst Gui Haoming
SW analysis, the events on the international capital markets and not the domestic A shares directly have an impact, but in the long run, China's capital market would also indirectly.

Gui Haoming: In general, due to their slow recovery of the domestic economy, so the debt crisis in terms of cause has not been resolved. Make people on the whole EU region to further strengthen financial and economic concerns. Not expected to be on the international capital markets and the impact on the domestic A shares, but it may delay the revival of the European economy. Act as a drag on the euro, which is on the world economy on China's capital markets, including the indirect influence.

the Greek Ministry of Finance said in a statement expressed opposition. Greek Finance Minister Papa said in a statement Constance quarter efforts, Greece fiscal consolidation, structural reform progress, help maintain the stability of the debt of Greece and the EU, the European Central Bank and the International Monetary Fund's positive affirmation. Greek government for the fiscal consolidation efforts and determination, structural reforms have begun, some extension of debt repayment has begun, all of which are shown Fitch did not truly reflect the situation in Greece. Tsinghua University, China and World Economy Research Center, Yuan Gangming expressed, Fitch's rating should be highly concerned about the market:

Yuan Gangming: His ratings may be more a reflection of the real situation. Because he did not like the Government's concerns, so the market for trust in rating agencies to be more point. So to make this authoritative rating agencies downgrade the rating down, then to Europe or countries such as Greece, the difficulties of financing will increase. If Greece downgrades lead to other international capital market volatility, it would have affected China's capital market volatility, so the impact is not underestimate the.

2009 by the end of the outbreak of serious debt crisis in Greece, the fiscal deficit as high as 15.4% of GDP, the country faced bankruptcy. In exchange for EU - IMF 110 billion euros of financial support, the Greek government had to implement severe austerity and reform measures, cut the deficit to return to the path of growth.