Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday. Lyn Graham-Taylor, strategist-fixed income at Rabobank says, EFSF is going to struggle to raise longer dated paper.
Fitch said on Tuesday that Greece would default on its debt. Taylor says, Greece is already as good as defaulted.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
