Moody's lowered its assessment of the highest rating that can be assigned to a domestic debt issuer in Greece by four points to Caa2 "on the increasing risk of an exit by the country from the euro area," the rating agency said on Saturday.
Moody's downgraded Italy's long-term issuer rating earlier today, slashing its rating by two notches from A3 to Baa2. The ratings agency cites a deteriorating economic outlook and the likelihood of contagion from Greece and Spain as... Read Post
There was little impact when Moody’s downgraded Greece’s credit rating to junk status, reports Reuters. Despite any progress Greece began, the risks of the bailout package and “doubts over the country's ability to exit a severe debt... Read Post