Friday, December 7, 2012

Greece Downgraded to 'Selective Default' by S&P

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Greece Downgraded to 'Selective Default' by S&P

News Link • Economy - International
Greece Downgraded to 'Selective Default' by S&P

12-05-2012 • Reuters

Standard & Poor's on Wednesday cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating.

Last week Greece and its international lenders reached a deal to lower the country's debt burden, which included a debt buyback.


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