To no one's surprise, Moody's is downgrading Greece's debt to C, sending it further into junk...

|By:, SA News Editor

To no one's surprise, Moody's is downgrading Greece's debt to C, sending it further into junk territory. The agency cites Greece's recent debt swap deal, which requires private bondholders to take a 70% haircut. Fitch downgraded Greece to C last week.