WASHINGTON, D.C.: Moody’s cut its credit rating for Greece to a deep-junk “Caa3” on Wednesday (Thursday in Manila), warning it is now less likely that official creditors will support the country, whatever happens in Sunday’s referendum.
The one-notch cut took Greece’s rating to just two steps above “default,” and came after both the expiration of the country’s European Union bailout program without a replacement on Tuesday, and Athens’s default on its debt to the International Monetary Fund.
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