Moody's new downgrade decision widely expected, Commission says

A decision by Moody’s to downgrade Greece’s credit rating by three notches was widely expected, an EU Commission spokesman said on Monday. Speaking to reporters, the spokesman said it could be useful for someone to carefully read Moody’s announcement and noted that the Commission was taking in mind the credit rating agency’s reaction. The spokesman said that a troika delegation will visit Greece, but not immediately.

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