Moody's also has its say on Greece: "Progress has been made", writes the rating agency, but the risks of a default on the country's payments remain "high". One of the main factors of concern in the short term are the elections next April, which will see the end of the caretaker government of Lucas Papademos, who until now had done everything to satisfy the EU's requests, going against the interests of the majority parties and opposition.
However, these parties will find themselves governing the country in two months, etcthis raises many unknowns, again according to Moody's, "on the implementation of the measures" initiated by Greece in exchange for the new aid plan from the European Union and the International Monetary Fund.
More generally, Moody's analyst Sarah Carlson noted that "Greek's debt burden will remain heavy for many years," even with the eventual completion of the reduction in actual payments that the country is trying to achieve with an exchange on its government bonds, agreed with private creditors. The rating agency also specified that it is still analyzing the situation in Greece and that it will be the subject of communications "in the next few days". Currently, the Republic of Greece is assigned a score of 'Ca' by Moody's, the penultimate lowest value.