Fitch Ratings has placed all its structured finance transactions in Greece on Rating Watch Negative (RWN) following the downgrade of the Greek sovereign ratings to 'BBB+'/ 'F2' with Negative Outlook.

The rating agency said that the sovereign downgrade will also negatively impact the performance of rated securitization transactions because the general economic outlook will remain uncertain in Greece over the short term. Expectations are for higher unemployment and consumer arrears.

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