Moody's cuts Greece rating further into junk

GMT 23:49 2015 Wednesday ,29 April

Arab Today, arab today Moody's cuts Greece rating further into junk

Moody's ratings firm
Washington - Arab Today

Moody's downgraded Greece's debt further into junk territory Wednesday, citing "high uncertainty" that Athens can reach a new agreement with official creditors in time to make upcoming debt payments.

Moody's cut the rating one notch to Caa2, just two steps above the level signaling that a default is imminent, and left the country on "negative outlook" for another possible downgrade.

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