Greece's finance ministry on Monday rejected a decision by Moody's rating agency to slash the country's sovereign rating to "junk" status.
"This downgrading in no way reflects the progress we have made in the last few months, nor the opportunities opened by our budgetary stabilisation and the improvement of our country's competitiveness," it said in a statement.
It said its budgetary measures "showed very clearly" that Greece was meeting the requirements of the EU and IMF, which have together provided Athens with a 110 billion euro ($A157.06 billion) bailout. (more)
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