S&P downgrades Greece rating, says may cut again

Reuters

NEW YORK (Reuters) - Standard & Poor's on Tuesday said it downgraded Greece's credit rating deeper into junk status on expectations the nation will have to borrow under emergency European stability plans.

S&P lowered Greece's rating two notches to "BB-" from "BB+," and said it may lower its assessment again.

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(Reporting by Al Yoon; Editing by Theodore d'Afflisio)

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