Fitch upgrades Greece rating to 'B-', outlook stable

PARIS: Fitch Ratings upgraded Greece on Tuesday to a "B-" rating with a stable outlook from restricted default over its bond swap that wiped some 100 billion euros ($131 billion) off its debt.

"Fitch has withdrawn the ratings on the bonds issued by the Republic and governed by Greek law and assigned 'B-' ratings to Greece's new government bonds created as a result of the private sector involvement (PSI) debt exchange," it said in a statement.