Thursday, 22 Apr 2010 11:35 AM
Moody's Investor Services has downgraded its rating on Greece's sovereign debt and warns that further downgrades could be in the offing.
The credit ratings agency says Thursday that the reduction in its rating to A3 from A2 is based on the view that there is a significant risk that the country's debt may only stabilize at a higher and more costly level than previously thought.
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