Standard & Poor's
Economy
S&P Downgrades Greek Debt to 'Selective Default'
Ratings firm Standard & Poor's on Monday declared Greece in "selective default" after banks agreed to write off more than half of their Greek debt holdings in a second EU bailout of the country.
The rating was lowered from S&P's...
Economy
Despite New Bailout, Sacrifice, Greece Still on Edge of Default
ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...
Economy
S&P: Greek Debt Not Sustainable With 70 Percent Haircut
Greece will likely not achieve sustainable debt levels with a 70 percent reduction in the value of bonds held by its private creditors, Standard & Poor's warned on Wednesday, putting pressure on the official sector also to take losses.
Private-sector...