Moody’s downgraded the rating of government bonds of Greece to the level «Caa2» – BBC

Ranking of government bonds of Greece was downgraded by Moody’s from level «Caa1» to «Caa2», said in a press release the organization.

The outlook is negative, according to a press international agency release said.

As noted, the key factors are lowering high uncertainty in the timing of achieving an agreement with the Greek government official creditors. Also, there are significant risks follow the Greek authorities on the basis of medium-term financing of the program, even in the case of reaching an agreement with creditors, given the weakened economy and the fragile political situation.

Earlier reports , the international Moody’s Investors Service placed the rating of Greek government bonds on review for downgrade.