Reuters logo
CORRECTED-S&P cuts Greece's long-term debt rating to 'selective default'
December 5, 2012 / 9:41 PM / 5 years ago

CORRECTED-S&P cuts Greece's long-term debt rating to 'selective default'

(Corrects prior level of Greece’s rating CCC from C)

NEW YORK, Dec 5 (Reuters) - Standard & Poor’s on Wednesday cut Greece’s sovereign long-term foreign currency credit rating to “selective default” from an already low “CCC” rating.

Last week Greece and its international lenders reached a deal to lower the country’s debt burden, which included a debt buyback. (Reporting by U.S. Treasury Desk)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below