Relevant:
- Fears grow over Greek debt default despite bail-out
- ​Moody's downgrades Ukraine heralding imminent default
- CPDOs Rated AAA May Risk Default, CreditSights Says
- Bond Market Anticipates Greek Default; New Highs in Greek, Irish, Portuguese Bond Yields; Spain Downgraded on $21 Billion Bank Capitalization Concern
- James Grant Says Bond Market Is "Bubble of Modern Banking, a Desert of Value; Gold a "Reciprocal of Faith in Bernanke"
2012-03-13 — alacrastore.com
"Successful completion of the distressed bond exchange provides significant debt relief and allows Greece to avoid an immediate hard default on a bond maturing later this month, says Moody's. However, the risk of a later default remains high."
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