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Daily Archives: June 29, 2015

S&P downgrades Greece to CCC-, warns of Default and Grexit

Credit ratings agency Standard & Poor’s downgraded Greece from CCC to CCC- and “negative outlook.” Further it warned of Default in 6 Months and put Grexit rates at 50%. S&P downgrade comes the day Athens imposed capital controls and a week-long bank holiday. “We interpret Greece’s decision to hold a …

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