Greece: Moody’s threatens to lower its rating – Le Figaro

The rating agency Moody’s on Friday threatened to lower the rating of Greek debt, currently at Caa1, due to “high uncertainty” surrounding the negotiations between the country and its European creditors and the IMF.

Moody’s placed Greece “under review to degradation.” The agency says it is considering lowering its rating if an agreement with creditors is not reached in time, noting that an increase of the Greek note appears “not likely in the short term.”

Shortly before, Standard & amp; Poor’s had lowered a notch sovereign rating of Greece from B to B-, the rating agency felt that the constraints on the country’s banks in terms of access to liquidity tightened schedule available to the government to reach an agreement with its creditors.