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Moody's Investor Service Ranks Greek Banks "Negative"

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The Greek banking system has received a "negative" status from Moody's Investor Service, due to its sharp downturn concerning liquidity and funding.

In a credit ranking analysis published today, the international bond credit agency of Moody's Corporation stated, "These pressures are unlikely to ease over the next 12-18 months and there is a high likelihood of an imposition of capital controls and a deposit freeze."  

Moody's Investor Service also confirmed that over 30 billion euros worth of deposit outflows have been measured since last December.