US Budget Deficit: Fitch puts U.S. government credit on ‘Ratings Watch Negative’

Fitch Ratings has placed the United States of America's (U.S.) 'AAA' Long-term foreign and local currency, Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN). The ratings of all outstanding U.S. sovereign debt securities have also been placed on RWN, as has the U.S. Short-term foreign currency rating of 'F1+'. The

Outlook on the Long-term ratings was previously Negative. The U.S. Country Ceiling has been
affirmed at 'AAA'.

READ: Fitch puts U.S. government credit on ‘Ratings Watch Negative’

Greek PM invites China to 'join Greece's success story' - BY Nikolia Apostolou

Athens

Officials in Brussels and Washington may view China’s global shopping spree with alarm, as the Asian power house continues to buy up companies, sovereign debt, ports, and bridges around the world. But the Greeks are already dusting off the red carpet.

On a five-day visit to Beijing that ended Monday, Greek Prime Minister Antonis Samaras eagerly invited the Chinese to "join Greece's success story," hoping to lure the country’s ravenous investors to Greece and pump new life into the country's devastated economy.

After global rating agency Fitch upgraded Greece's sovereign credit rating from CCC to B- last week, Mr. Samaras tried to convince Chinese officials that the economic crisis plaguing Greece would soon come to an end.

"I wouldn't be here if we in Greece hadn't turned our ship around," he told them during his visit, flanked by 71 Greek businessmen and members of his cabinet, who had to pay their own way to Asia because of budget austerity measures.

Read more: Greek PM invites China to 'join Greece's success story' - CSMonitor.com