Greek ratings head south as deficit revised, Portugal outlook also suffers, turns negative
The Hellenic Republic was this week rumoured to be eyeing a 10 or 15 year euro transaction as Moody’s placed its A1 foreign and local currency ratings on review for a possible downgrade.
Greek 10 year debt widened by 8bp on Moodys news to trade at 130bp versus Germany.
"It widened by 8bp on Moodys announcement but closed only 2.5bp wider on the day," said a head of SSA trading. "There has been very little selling. So far, we have just had
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