S&P 'set to downgrade Greece' after debt talks finish

Ratings Agency Standard and Poors is apparently set to downgrade Greece to the level of "selective default" once its debt negotiations conclude.

S&P 'set to downgrade Greece' after debt talks finish
Tue, 24 Jan, 2012 - 14:45

Ratings Agency Standard and Poors is apparently set to downgrade Greece to the level of "selective default" once its debt negotiations conclude.

An agency spokesperson has told Reuters that it won't "necessarily" destroy the credibility of the European Union.

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