Greece’s budget deficit provokes alarm as rating agencies disagree over downgrades

greek-flag

Greece’s announcement of a higher than anticipated budget deficit led the three main credit rating agencies to downgrade the country’s sovereign credit rating in December. With other European countries also struggling to cope with mounting deficits, investors are looking carefully at which sovereigns could suffer a similar fate in the coming months.

While all three rating agencies decreased their ratings for Greece by one notch, Moody’s downgrade from A2 to A1 meant the sovereign retained its si

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: