Greece is facing more troubling news as it tries to get its growing debt under control. Fitch Ratings, one of the world's major credit rating agencies, downgraded Greece's status Friday due to concerns that the government will not be able to pay back $70 billion in debt. Greece is facing a key deadline in a matter of weeks.
Greece must raise $15 billion by the end of May to cover debt that is due, but nervous investors are helping to push the government's borrowing costs to record highs.
A recently downgraded debt rating could make Greece's attempt to get the money more difficult.
Finance Minister George Papaconstantinou says his country is not seeking to activate a eurozone and International Monetary Fund (IMF) rescue plan
