Chinese ratings agency Dagong on Tuesday (22 November) downgraded Greece's sovereign rating to the second-lowest 'default' level, a move suggesting that Beijing has no intention of 'playing Santa Claus' to the ailing eurozone, experts say.
"As Greece has completely lost its solvency, it has to prepare for a massive debt restructuring," Dagong said when announcing the downgrade from triple C to C.
Dagong also warned that it may downgrade Greece to the lowest default level if auste...
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