Moody’s: Greek Default ‘Virtually Certain’

Moody’s downgraded Greece’s bond ratings by a further three notches today and warned that it is almost inevitable the country will be considered to be in default following last week’s new bailout package . The agency says the new EU package of measures implies “substantial” losses for private creditors. As a…

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Moody’s: Greek Default ‘Virtually Certain’

Posted by on July 25, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.