Moody's cuts Greece rating deeper into junk territory

GMT 21:09 2015 Wednesday ,01 July

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Moody agency
Washington - Arab Today

Moody's cut its credit rating for Greece to a deep-junk Caa3 Wednesday, warning it is now less likely that official creditors will support the country, whatever happens in Sunday's referendum.

"Moody's believes that without ongoing support from official creditors, Greece will default on its privately-held debt," the ratings agency said.

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