Greek bonds tumble on Moody's rating cut
皇冠体育app Daily | Updated: 2009-12-23 08:07
LONDON: Greece had its credit rating cut one step to A2 by Moody's Investors Service, sparking a rally in its bonds as concern eased that a steeper downgrade would make its debt ineligible as collateral at the European Central Bank (ECB).
"There is some relief that it's only one notch," said Peter Chatwell, a London-based fixed income strategist at Calyon, Credit Agricole SA's investment banking division.
Moody's "talks quite positively about Greece's liquidity situation".
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