Moody’s rating decision offers respite to Greece

Moody’s Investors Services downgraded Greece’s state bond ratings less than expected to A2 from A1 on the 22 december 2009, giving the government time to convince the markets of its intention to put the country’s public finances in order.

ESO: Background information: Greece attacks S&P over downgrade http://www.europeansources.info/record/greece-attacks-sp-over-downgrade/

ESO: Background information: Greece downgraded over high debt http://www.europeansources.info/record/greece-downgraded-over-high-debt/

BBC News, 22.12.09: Greece debt rating downgraded by third agency http://news.bbc.co.uk/1/hi/business/8426085.stm

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