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Thursday, December 6, 2012

S&P cuts Greece's long-term debt rating to 'selective default'


S&P cuts Greece's long-term debt rating to 'selective default'
South China Morning Post
Standard & Poor's has 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 ...


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