Greece: Government debt rating now worst in the world

posted by
June 13, 2011
FInancial Times [UK]    
Posted in News

"Standard & Poor’s cut Greece’s long-term sovereign credit rating three notches to triple C [Monday] in a sign the rating agency thinks it will be forced to downgrade Athens to default as private creditors are likely to be involved in the country’s next bail-out. Greece is now the lowest-rated sovereign in the world, having fallen below Ecuador, Jamaica, Pakistan and Grenada."  

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