Greece on the verge of Bankruptcy , credit rating down graded from ‘CCC’ to ‘selective default’

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Greek Bickering EconomyJNN 06 Dec 2012 Athens : Standard & Poor’s (S&P) ratings agency has downgraded Greece’s already junk-level debt rating to “selective default” after the debt-ridden country launched an operation to buy back bonds at well below their face value. Continue reading →

Greece on the verge of Bankruptcy , credit rating down graded from ‘CCC’ to 'selective default'

Posted on by

Greek Bickering EconomyJNN 06 Dec 2012 Athens : Standard & Poor’s (S&P) ratings agency has downgraded Greece’s already junk-level debt rating to “selective default” after the debt-ridden country launched an operation to buy back bonds at well below their face value. Continue reading →