Greece slips further toward debt default as its credit rating is cut again

Standard & Poor's gives Greek economy the lowest credit rating in the world – and suggests it can only get worse Greece took a step nearer an outright debt default after Standard & Poor's cut its credit rating from B to CCC. The country is now only two notches away from S&P's benchmark default rating, which would signal it is unable to meet its debts. It is now the lowest rated economy in the ...

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