Greek default would lead to downgrades: Moody's

Moody's has raised the red flag on implications of Greece's debt woes. Moody's investors service said that a Greek debt restructuring could affect the credit ratings of other European sovereigns. Moody's also warns that a restructuring of Greek government debt will lead to rating downgrades for Greek banks.

May 24, 2011 / 20:33 IST

Moody's has raised the red flag on implications of Greece's debt woes. Moody's investors service said that a Greek debt restructuring could affect the credit ratings of other European sovereigns. Moody's also warns that a restructuring of Greek government debt will lead to rating downgrades for Greek banks.

first published: May 24, 2011 08:30 pm

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