Downgrade is a response to Greek bond buyback, rating agency says.
By John Detrixhe and Wes Goodman, Bloomberg|December 06, 2012 at 04:24 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Greece’s credit grade was reduced to SD, or selective default, by Standard & Poor’s from CCC after the government began buying its bonds back from investors, a statement on the rating company’s website said yesterday.