Moody's Investors Service lowered Greece's credit rating from "Caa1" to "Ca" (one step above default). Private investors to take the losses?
More at:
NY Times: http://www.nytimes.com/2011/07/26/business/global/european-sovereign-debt-crisis.html
Business Day: http://www.businessday.co.za/articles/Content.aspx?id=149213
Moody's: http://www.moodys.com/research/Moodys-EU-Support-Package-Permits-Orderly-Default-by-Greece-and?lang=en&cy=global&docid=PR_223328
NY Times: http://www.nytimes.com/2011/07/26/business/global/european-sovereign-debt-crisis.html
Business Day: http://www.businessday.co.za/articles/Content.aspx?id=149213
Moody's: http://www.moodys.com/research/Moodys-EU-Support-Package-Permits-Orderly-Default-by-Greece-and?lang=en&cy=global&docid=PR_223328
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