Failure by Greece to repay 6.7 billion euros worth of bonds held by the European Central Bank and maturing at the end of July would not constitute default under Standard and Poor's criteria, the ratings agency said on Monday. It said its sovereign ratings criteria related to a government's ability and willingness to service obligations to commercial creditors and it considered the ECB as an official creditor.
 |
| READ THE ORIGINAL POST AT uk.news.yahoo.com |