Article Summary:

Online Forex Trading News, Anlysis, Tips, Reviews, and Videos.Moody’s May Cut Greece to Junk in Four Weeks
by Edward Harrison
Moody’s is going on a rampage regarding the sovereign debt of the Eurozone periphery. They are now reviewing Portugal and Spain for a potential ratings downgrade. That means they are threatening Greece with junk status


Article Content:
Moody’s May Cut Greece to Junk in Four Weeks
by Edward Harrison
Moody’s is going on a rampage regarding the sovereign debt of the Eurozone periphery. They are now reviewing Portugal and Spain for a potential ratings downgrade. That means they are threatening Greece with junk status and also warning that cuts to Portugal may come as well. Spain’s rating outlook remains stable and Ireland are not mentioned.
In their most recent note alerting the market of these actions, Moody’s has defended themselves despite the wide perception that the ratings agencies are perennially behind the curve on downgrades.


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