Greek credit-rating tragedy
Published 04/10/2011 | 10:13
Just when you thought things couldn’t get any worse for Greece, along comes a 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.
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.