Moody's follows S&P with warning on Greek debt's rating

02/26/2010 | Financial Times (tiered subscription model)

Greek government bonds declined after Moody's Investors Service followed Standard & Poor's in warning that the nation's long-term debt could be downgraded "in a few months." Moody's is the only major credit rating agency that gives Greece's debt an A rating. That rating is important because it allows Greece to offer its bonds as collateral for loans from the European Central Bank.

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