Tags: S&P | Greece | Rating | Default

S&P Keeps Greece Rating at Selective Default

Thursday, 15 Mar 2012 02:30 PM


Standard & Poor's said on Thursday it would keep the long-term foreign sovereign credit rating for Greece at selective default until an exchange of bonds governed by international law is concluded.

"Our sovereign credit ratings on Greece will remain at 'SD' until the exchange of Greece's non-Greek-law governed bonds is concluded, which we understand is to occur by April 11, 2012," S&P said in a statement.

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