Overall, it amounted more to a credit crunch, difficulties for a time where junk credits couldn't issue new debt. (alhambrapartners.com)
DESVARIEUX: And it's now being reported by the Associated Press that Greece's credit rating has been pretty much cut in half, and it's now a junk, junk credit rating. (michael-hudson.com)
Aside from AGO, all are at junk credit levels. (alephblog.com)