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.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

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

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.