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Tuesday, December 3, 2013

Upgrading Greece’s credit rating

On late Friday, Moody’s upgraded Greece’s credit rating from C to Caa3. (A day earlier Standard and Poor’s did something similar with Cyprus). It is a fact not without significance. Of course despite the upgrades, the bonds of the two countries are still in the…junk category. However, I repeat, these actions are not without significance. […]

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