Moody's Downgrade Tips Greece Closer To Brink

Moody's downgrade tips Greece closer to brink

ATHENS/LONDON (Reuters) - Moody's slashed Greece's credit rating by three notches on Monday, raising the specter that the distressed euro zone sovereign may be forced to restructure its debt, perhaps even before 2013.

Sections:  news   world   
Topics:  credit rating   europe   europe debt   greece   greece debt   moody's   
RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
BING NEWS:
  • Tropicana operator downgraded; how could this affect A’s stadium plans?
    Moody’s made its downgrade Monday while S&P Global changed its outl0ok earlier in the month when Bally’s largest shareholder, Soo Kim, and his Standard General hedge fund offered to buy the ...
    03/26/2024 - 11:34 pm | View Link
  • Boeing’s debt ratings put under review for downgrade at Moody’s
    Boeing’s (NYSE:BA) debt is on review for a possible downgrade at Moody’s on concerns that lower aircraft deliveries will impair cash flow, the ratings company said Tuesday. The Baa2 senior ...
    03/26/2024 - 8:18 am | View Link
  • Moody's places Boeing ratings on review for downgrade
    "Placing the ratings on review for downgrade follows Moody's belief that Boeing will be unable to deliver 737 narrow-body aircraft at the volumes required for it to materially expand its free cash ...
    03/26/2024 - 8:08 am | View Link
  • Boeing At Risk of Moody’s Downgrade on Cash Flow Concerns
    The ratings provider placed Boeing’s Baa2 senior unsecured rating on review for downgrade from stable, according to a statement on Tuesday, citing the potential for Boeing to fail to deliver 737 ...
    03/26/2024 - 8:02 am | View Link
  • Moody's places Boeing ratings on review for downgrade
    (Reuters) -Moody's Investors Service on Tuesday said it was considering downgrading Boeing's "Baa2" senior unsecured rating and "Prime-2" short-term rating. "Placing the ratings on review for ...
    03/25/2024 - 1:00 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News