| Author (Person) | Oakley, David, Spiegel, Peter |
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| Series Title | Financial Times |
| Series Details | 14.6.11 |
| Publication Date | 14/06/2011 |
| Content Type | News |
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Greece was downgraded close to default on the 13 June 2011, sending yields on its 10-year bonds near to fresh euro-era highs and stoking fears over the eurozone debt crisis. Standard & Poor’s cut Greece’s long-term sovereign credit rating by three notches to triple C, a sign the rating agency thinks it will be forced to downgrade Athens to default – or D – as private creditors are likely to be involved in the country’s next bail-out. Greece became the lowest-rated sovereign in the world. Greece hit back at Standard & Poor’s move, saying the decision overlooked intense deliberations at the European Union and International Monetary Fund to find a viable solution to its debt crisis. |
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| Countries / Regions | Greece |
