Suspension will be maintained until further notice.
ECB has suspended the application of a minimum credit rating threshold on Greek sovereign debt. The suspension will be maintained until furthe notice. Applies to all outstanding and new marketable debt instruments issued or guaranteed by the Greek government.
Means Greek debt will remain eligible as collateral in ECB lending operations, even if rating agencies continue to downgrade Greece.
EUR/USD has garnered marginal lift from the news, currently up at 1.3247.
