Fitch Ratings cuts OTE's credit rating

Fitch Ratings on Monday cut Hallenic Telecommunications Organisation's (OTE) credit rating  to BB from BBB-.
OTE's downgrading follows Fitch Ratings decision on Friday to cut Greece’s credit rating by three notches, to B+ from BB+.
The credit rating agency said Monday's decision reflects the country's credit rating downgrading rather than OTE's recent negative results.

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