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Greek Prime Minister George A. Papandreou speaks during a presser after the EU summit on at the European Council headquarters in Brussels. Moody’s Investors Service said on Monday it had downgraded Greece’s sovereign debt rating by one notch, leaving it one away from default, and warned creditors would lose out from the latest bailout deal. - AFP Photo
PARIS: Moody’s Investors Service said on Monday it had downgraded Greece’s sovereign debt rating by three notches, leaving it one away from default, and warned creditors would lose out from the latest bailout deal.
The ratings agency said in a statement that it has “downgraded Greece’s local- and foreign-currency bond ratings to Ca from Caa1 and has assigned a developing outlook to the ratings”.
