Greek Risks Are ‘Manageable’ for German Lenders, Fitch Says
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German banks have “manageable” risks related to Greek sovereign debt and the Mediterranean country’s economy, according to Fitch Ratings, which said it doesn’t foresee any action on the lenders’ credit ratings.
“The worst consequence of any Greek sovereign default for German and other European banks would be a sharp increase in general capital market and creditor risk aversion at a time when many banks are still in rehabilitation mode,” Michael Dawson-Kropf, a Frankfurt-based analyst at Fitch, said in an e-mailed statement today.