Moody's downgrades Greece to notch above default

Ratings Agency Moody's has downgraded Greece's sovereign debt rating by three notches, leaving it one away from default.

Mon, 25 Jul, 2011 - 09:45

Ratings Agency Moody's has downgraded Greece's sovereign debt rating by three notches, leaving it one away from default.

Moody's is warning that creditors will lose out from the latest bailout deal.

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