Moody's threatens Greece's creditor countries

After the announcement of the new aid package for GreeceIn addition to the government bond exchange program, international rating agencies almost simultaneously announced the threat of a downgrade in the country's creditworthiness. On the eve of this warning Moody's agency put it into practice, its experts downgraded the Greece rating to pre-default. In addition, Moody's reported that the EU decision to support Greece could result in the loss of rating levels of the creditor countries, in particular Germany and France.

In the meantime. EU counts on a quick exchange of Greek bonds, which is causing such discontent among the rating agencies. European officials are negotiating with investors to agree on an August-September exchange. This will shorten the period during which Greece will be in partial default.