Moody's downgrades Greece debt rating
World BusinessJul 25, 2011
PARIS (AFP) -- Moody's Investors Service said on Monday it had downgraded Greece's sovereign debt rating by three notches, leaving it one away from default, and warned creditors would lose out from the latest bailout deal.The ratings agency said in a statement that it has "downgraded Greece's local- and foreign-currency bond ratings to Ca from Caa1 and has assigned a developing outlook to the rati