Skip to content.
Updated at 5:44 am on 4 March 2012
Moody's has cut Greece's credit rating again, citing a risk of default despite a recent debt write-off deal.
The rating agency cut Greece's rating from Ca to C, the lowest level on its scale.
Moody's acknowledged on Friday that the 107 billion euros ($US141.3 billion) deal was necessary to help stabilise Greece, but said the risk of a default remains high.
The BBC reports private investors are writing off much of the 206 billion euros they hold in Greek bonds, incurring losses of more than 70%.
Fitch also lowered its rating for Greek government debt on 22 February, from CCC to C.
Copyright © 2012, Radio New Zealand
Audio is categorised based on the frequency of the programme it was heard in. Click on the headings below to access the programmes. For the most recently published audio, go to the latest audio page.
Streams are in Windows Media format. Mac and Linux users may need to install additional software. Get help with audio
A selection of music interviews, reviews, videos, concerts, sessions, and performances.
Downloads and podcasts are available for selected programmes. Our podcast page has a complete list of feeds.
Help on using online audio: formats, software, podcasts, downloading, and troubleshooting.