S&P downgrades Greece rating, says may cut again

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.

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