Greece Default Risk Up to 50% – Moody’s
Greece’s credit rating has been cut again by rating agency Moody’s just five notches short of default. Moody’s now rates the Mediterranean nation at Caa1, down from B1. Its outlook is still negative, which implies that further downgrades may follow. …
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May 26 (Bloomberg) — Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., talks with Bloomberg’s Julie Hyman about the risk of default by Greece and other sovereign borrowers dealing with mounting debt and deficits.
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