S&P Cuts Greece to Selective Default

Published December 05, 2012

| FOXBusiness

Developing: Standard & Poor's slashed Greece's long-term debt rating on Wednesday from an already low "C" to "selective default." Last week, the nation and its international lenders agreed to a debt buyback aimed at lowering Greece's debt burden.

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http://www.foxbusiness.com/industries/2012/12/05/sp-cuts-greece-to-selective-default/