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Debt rating describes a borrower's creditworthiness at a particular moment in time. Since Greece won't have access to the world credit markets for some time, th
by jeffreymcmanus 15y ago
Debt rating describes a borrower's creditworthiness at a particular moment in time. Since Greece won't have access to the world credit markets for some time, their credit rating today is not material. What is at issue here is how quickly their credit rating recovers.