Moody’s lowered the credit rating for Greece and indicated that they will likely be in default. After the debt exchange of the EU rescue package, Moody’s may raise the credit rating. Standard & Poor’s and Fitch rate Greece similarly to Moody’s at CCC.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/07/25/us-markets-ratings-greece-idUSTRE76O0I420110725
James Sutliff