Moody’s Cuts Greece’s Rating by Three Notches

Moody’s Investors Service (MCO) cut Greece’s sovereign-debt rating Monday by three notches to B1. The ratings agency, which also assigned a negative outlook to Greece’s ratings, highlighted the government’s difficulties with revenue collection and noted a risk that Athens might not meet the criteria for continued support from the IMF and the European Union after 2013.

The Greek government said the downgrade was “completely unjustified.” – MW

Create Content With AI

Try TradingView For Free

Risk Our Money Not Yours | Get 50% Off Any Account

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!

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Your email address will not be published.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.