Rating Agencies Downgrade Greece

Rating Agencies Downgrade Greece – Here’s the price of 10 year Greek bonds, starting on December 22 2009 when Moody’s downgraded it to A2. Today, that last datapoint, they downgraded it to A3. In between, the price of their bonds went from about 100, to 84. I suppose somewhere around 50 it will be downgraded again!

Sometimes you wonder if almost everyone in finance simply tells people merely what happened last year.

About Eric Falkenstein 136 Articles

Eric Falkenstein is an economist who specializes in quantitative issues in finance: risk management, long/short equity investing, default modeling, etc.

Eric received his Ph.D. in Economics from Northwestern University , 1994 and his B.A. in Economics from Washington University in St. Louis, 1987

He is the author of the 2009 book Finding Alpha.

Visit: Eric Falkenstein's Website

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