Fitch Eurozone Sovereign Snapshot: Crisis Eases but Risks Remain

Wed Sep 25, 2013 6:01am EDT

Link to Fitch Ratings' Report: Eurozone Sovereign Snapshot - Q3 2013LONDON, September 25 (Fitch) In its latest eurozone sovereign snapshot report published today, Fitch Ratings says the relative calm in European markets reflects the prospect of a growing economic recovery in the second half of this year. Our longstanding base case of a "muddle-through" and a return to modest growth is on track. However, the Outlook on many of our sovereign ratings in the region remains Negative, reflecting ongoing downside risks. The snapshot report offers a compendium of research and multimedia commentary, including an interactive map that takes you to Fitch's latest forecasts, rating sensitivities and research for each eurozone country. The video content covers topics such as: Is the eurozone crisis over? Is the periphery getting left behind? What is the economic outlook for 2014-2015? Can the bank and sovereign link be broken? Will banking union improve sovereign ratings? Are small countries with big banking systems dangerous? The full report, entitled "Eurozone Sovereign Snapshot Q313", is available at www.fitchratings.com Contact: Tony Stringer Managing Director +44 20 3530 1219 Fitch Ratings Limited 30 North Colonnade London E14 5GN Enam Ahmed Director +44 20 3530 1624 Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: peter.fitzpatrick@fitchratings.com. Additional information is available at www.fitchratings.com ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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