Fitch cuts Greece banks following latest downgrade

Fitch Ratings on Friday lowered it rating on five Greek banks closer to default territory, pointing to its two-notch downgrade earlier this week on the debt-ravaged nation
The ratings firm on Thursday cut its ratings on Greece by two notches to triple-C, citing an increased risk that Greece may exit the European Union's Economic and Monetary Union
Fitch's downgrade on the five Greek banks also leaves the group with a triple-C rating, which is in highly speculative territory