Standard & Poor’s Cuts Greece’s Credit Rating

Standard & Poor’s Cuts Greece’s Credit Rating
Standard & Poor’s cut Greece’s credit rating again on Monday, predicting that the country will likely default on its pile of debt at least once by 2013.  The agency downgraded Greece from B to CCC and said that the move “reflects our view that there is a significantly higher likelihood of one or more defaults” as Greece attempts to close widening fiscal chasms over the next two years, according …
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