Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Standard and Poor. Show all posts
Showing posts with label Standard and Poor. Show all posts

Monday, February 27, 2012

Greece Ratings Cut to Selective Default by S&P


Financial Times February 27 S&P puts Greece in selective default

S&P on Monday night declared that Greece was in selective default on its long and short-term ratings, pointing to the terms of the sovereign debt deal offered to private bondholders last week. http://www.ft.com/cms/s/9dffdd30-6147-11e1-a738-00144feabdc0.html


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Greece Ratings Cut to Selective Default by Standard and Poor
http://www.bloomberg.com/news/2012-02-27/greece-ratings-cut-to-selective-default-by-s-p.html
By Greg Chang - Feb 27, 2012 4:36 PM ET

Greece had its long-term sovereign credit ratings cut to selective default from CC by Standard & Poor’s Ratings Services, which cited an action by Greece’s government regarding its sovereign debt that began a “distressed debt restructuring.”

The downgrade was triggered after Greece retroactively inserted collective action clauses in the documentation of certain sovereign debt series last week, according to S&P.

Greece Ratings Cut to Selective Default by Standard and Poor

Greece Ratings Cut to Selective Default by S&P
Orestis Panagiotou/Landov
The Stock Exchange in Athens on Feb. 21, 2012.