---
title: "Moody's downgrades Greece debt to (stable) junk"
description: "You could say Greece is lucky it wasn't worse. Credit rating agency Moody's Investors Service downgraded Greek government bonds four notches, from A3 to Ba1, which means decent-quality junk. The downgrade is based on the risks around the implementation of the bailout package from the International Monetary Fund and other eurozone countries. MarketWatch"
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Business Maverick"
author: "Andy Rice"
author_url: "https://www.dailymaverick.co.za/author/andyrice/"
canonical_url: "https://www.dailymaverick.co.za/article/2010-06-14-moodys-downgrades-greece-debt-to-stable-junk/"
published: "2010-06-14T19:34:20"
updated: "2013-02-01T20:01:46"
lang: "en-ZA"
word_count: 1
---

# Moody's downgrades Greece debt to (stable) junk

> You could say Greece is lucky it wasn't worse. Credit rating agency Moody's Investors Service downgraded Greek government bonds four notches, from A3 to Ba1, which means decent-quality junk. The downgrade is based on the risks around the implementation of the bailout package from the International Monetary Fund and other eurozone countries. [MarketWatch](http://www.marketwatch.com/story/moodys-slashes-greece-to-ba1-from-a3-2010-06-14-1314390)

By Andy Rice · Published 14 June 2010, 21:34 SAST · Updated 1 February 2013, 22:01 SAST

## Content

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