The US on Friday and renewed concerns about Greece

FXstreet Monday 5th March, 2012

Markets overnight Moody"s late Friday cut Greece"s sovereign debt rating from Ca to C - the lowest possible rating by Moody"s. According to the rating agency, the debt swap agreement represents "a distressed exchange, and hence a default", see Bloomberg. According to several press reports over the weekend, the PSI participation in the debt swap cou...

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