Business Maverick

Business Maverick

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

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