NEW YORK (Reuters) - Standard & Poor's on Wednesday cut Greece's sovereign credit rating further into junk territory, lowering it to CC from CCC, saying the European Union's proposed debt restructuring puts the country into a "selective default."
Reuters: Top News, Reuters
Wed, 07/27/2011 - 9:50am
NEW YORK (Reuters) - Standard & Poor's on Wednesday cut Greece's sovereign credit rating further into junk territory, lowering it to CC from CCC, saying the European Union's proposed debt restructuring puts the country into a "selective default."