S&P lowers Greece rating

greek flag

Credit rating agency Standard & Poor's on Monday lowered its long- and short-term sovereign credit ratings on Greece to B and C, from BB- and B, respectively.

Both the long- and short-term ratings remain on credit watch, with negative implications. They were first placed on credit watch on December 2, 2010, and March 29, 2011, respectively.

The agency's recovery rating for Greece remained the same, indicating an estimated 30–50% recovery upon default, and its AAA transfer and convertibility

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.