Good scalp V. Part of the pressure today is from this.
June 13, 2011, 12:43 p.m. EDT
Greece debt rating downgraded by S&P
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said Monday it downgraded its long-term sovereign credit ratings on Greece to CCC from B. The outlook is negative. S&P has a short-term rating on Greece of C. "The downgrade reflects our view that there is a significantly higher likelihood of one or more defaults, as defined by our criteria relating to full and timely payment, linked to efforts by official creditors to close an emerging financing gap in Greece," S&P said in a statement.
June 13, 2011, 12:43 p.m. EDT
Greece debt rating downgraded by S&P
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said Monday it downgraded its long-term sovereign credit ratings on Greece to CCC from B. The outlook is negative. S&P has a short-term rating on Greece of C. "The downgrade reflects our view that there is a significantly higher likelihood of one or more defaults, as defined by our criteria relating to full and timely payment, linked to efforts by official creditors to close an emerging financing gap in Greece," S&P said in a statement.
