Moody’s lowers Greece's credit rating

After several weeks of quiet trading, the eurozone credit default swap (CDS) market was pushed back into the spotlight today, as Greece's sovereign credit rating was downgraded by Moody's from B1 to Ba1. Moody's cited a number of reasons for the downgrade, including the Greek government's continued difficulty in securing revenue streams and doubt over the feasibility of its highly ambitious debt-consolidation plan. Greek CDS spreads have experienced some erratic interday trading moves in recent

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: