Thursday, April 22, 2010

Slow motion train crash ?

Greece’s Credit Rating Lowered One Step by Moody’s

"Greece had its credit rating cut one step by Moody’s Investors Service as the government’s surging debt-servicing costs undermine deficit-cutting efforts. Moody’s lowered the rating to A3 from A2, four grades above junk, the company said in a statement today. Moody’s also put a negative outlook on Greek debt, indicating it’s more likely to cut it again than raise it or leave it unchanged".

Posted by alan @ 05:41 PM (827 views)
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