Moody’s, the credit research service, has expressed doubt about the future of Greek debt. Moody’s disclosed::
Moody’s Investors Service has today placed Greece’s Caa1 government bond rating on review for downgrade. The short-term rating remains unaffected at Not Prime (NP).
The key driver for the review for downgrade is the high level of uncertainty over the outcome of the negotiations between Greece and its official creditors over the terms of Greece’s support programmer. The outcome could potentially have negative implications for Greece’s ability to meet its funding and liquidity needs and for the probability of default on marketable securities. Moody’s government bond rating applies to marketable securities only.
S&P recently cut the Greek debt rating from B to B-.
ALSO READ: Are Greek Banks Finally Safe?
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.