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After Fitch and S&P, Moody’s now downgrades Greece

22 December 09 - RE+D Magazine
After Fitch and S&P, Moody’s now downgrades Greece

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Moody's Investors Service have downgraded Greece's debt rating to A2 from A1, citing the country's swelling budget deficit. This was the Greece's third downgrade by a major agency this month, after Fitch and Standard & Poor's earlier this month. Moody's clarified that the downgrade does not affect its ratings for bonds and bank deposits, which remain at AAA.

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