Moody’s downgrades top Greek banks
Published 23/09/2011 | 09:18
JUST when you thought things couldn’t get any worse for Greece, comes today’s new rating from Moody’s for its faltering banks
The credit rating agency downgraded the ratings of the main Greek banks by a further two notches today.
It cited increased risks of losses on their holdings of Greek debt.
Moody's Investors Service also warned of an increased prospect that the Greek economy will worsen.