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23 April 2017 17:56 (South Africa)
Business

Moody's downgrades Greece debt to (stable) junk

  • Business

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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  • Business

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