Fitch downgraded the rating of Greece to "trash" level

International rating agency Fitch has announced a lowering of Greece's sovereign rating to "junk" category, the country's rating was downgraded to BB + from BBB-with a "negative" outlook Fitch warns of possible further downgrade if Greece will not show signs of recovery economy, RIA Novosti reported. Earlier, two other leading rating agencies Standard & Poor's and Moody's downgraded the country until the category below investment. Moody's has predicted a Greek Economy "slow death". The country is on the verge of default, faced with a record volume of state debt, which exceeds 294 billion euros and budget deficits in 12.7% of GDP. After long discussions, the leaders of Europe and the IMF agreed on the allocation of Greek loan of 110 billion euros. The first tranche of aid received in May Athens, the second - in September. In mid-November, Eurostat estimated the value of public debt of Greece to 126.8% of GDP.