S & P lowers the credibility of Greece. Athens fly out of the eurozone? – Dziennik.pl

S & P lowers the credibility of Greece. Athens fly out of the eurozone? – Dziennik.pl

The rating agency Standard and Poor’s downgraded the creditworthiness of Greece from B to grade B- (B minus). Athens warned at the same time that they have less and less time to reach an agreement with its creditors. As pointed out by the experts rated, extension talks with creditors could lead to further undermine financial stability in the country. Could in fact result in the payment of the deposit by the Greeks. As warned the agency may again reduce Greece’s note due to the concern about the “liquidity constraints” Greek banks.

The agency estimates that, in the worst case scenario, Athens would lose access to tools such as the lender of last resort . As for the situation in which the central bank lends to a commercial bank financing secured safe debt in connection with the outflow of deposits from a commercial bank. Losing such access could result in the exclusion of Greece from the euro zone.

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