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S&P dashes Greece's hopes for an upgrade
Despite initial government expectations for an upgrade, Standard and Poor’s (S&P) affirmed today Greece’s rating at ‘B-/B’ and stable outlook.
According to S&P, the rationale of Greece’s rating reflects its view of high (albeit long-dated) debt burden and onerous external debt position (400 percent of current account receipts in 2014) against relatively high (although still falling) GDP per ca...
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