Possible degradation of five banks by Moody's

We read about a possible deterioration in the creditworthiness of Greek banks. What effect this might have on interest rates?? There will be reasonable to expect further interest rate increases??
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Comments (1)
1 Thursday, 04 March 2010 18:08
Ο Τσιγκούνης
The deterioration of creditworthiness of a bank leads to limited liquidity and rising borrowing costs for this and considered less reliable. As a result of expected higher interest rates on deposits, and further allocations.