Finance Tart

Moody’s credit rating agency has cut Greece’s credit rating to “junk” status from A3 to Ba1 but said the outlook is stable.
Meanwhile, the agency also downgraded the country’s short-term issuer rating to not-prime from Prime-1.
According to Moody’s, there was still “considerable uncertainty” surrounding the impact of tough austerity measures implemented to slash the country’s budget [...]

Stock markets in Asia were down today after Standard & Poor’s (S&P) cut Greece’s credit rating to BB+ from BBB- yesterday.
Greece has become the first euro zone nation to have its debt downgraded to “junk” status.
According to S&P, the downgrade comes amid worries that Greece is not able to take the necessary action in [...]