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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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