Home -> Law Blog Directory -> Bailout Blogs -> Calculated Risk

Bailout

: Calculated Risk

Greece Debt Rating Downgrade

By Anonymous

The following is a reminder that there is a special eurozone debt crisis summit scheduled for Friday, March 11th.

From MarketWatch: Moody?s cuts Greece rating, stokes debt fears

Moody?s Investors Service cut Greece?s sovereign-debt rating Monday by three notches to B1 ... The ratings agency, which also assigned a negative outlook to Greece?s ratings, highlighted the government?s difficulties with revenue collection and noted a risk that Athens might not meet the criteria for continued support from the International Monetary Fund and the European Union after 2013.

That could result in a voluntary restructuring of existing debt, the ratings agency said.

The Ten Year yield for Greece is at 12.4%.

Here are the Ten Year yields for Ireland, Portugal, Spain, and Belgium. All moving up some today ...

On U.S. economy:
? Summary for last week ending March 4th
? Schedule for Week of March 6th

Full post as published by Calculated Risk on March 07, 2011 (boomark / email).