ECB suspends credit rating threshold for Greece

BERLIN: The European Central Bank says it is suspending its rating limits on Greek debt until further notice.

In a statement issued Monday, the central bank for the 16 countries that use the euro said the suspension of the minimum credit rating includes all existing and new debt instruments ``issued or guaranteed by the Greek government.''

The decision by the bank based in Frankfurt ensures that Greek debt can be used as collateral in ECB lending operations despite its credit ratings.

Concern over Greece's financial disarray.