Tuesday, June 15, 2010

Greek credit rating cut to junk again, from A3 to Ba1, by Moody's Ratings

The Moody's Ratings has cut Greece credit rating to junk again, from A3 to Ba1, despite the EU's €750bn rescue package. This move is in line with Standard & Poor, when they downgraded Greece's sovereign debt to "junk" last month.

Many investors say they expect the country to default on its debt payments; meanwhile, internal protest over budget cuts grows

Markets braced as Greek credit rating cut to junk again [via]

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