S & P says likely to declare Greece in default
2012/01/24 11:19:24 @Reuters: Top News
NEW YORK (Reuters) - Standard & Poor's will likely downgrade Greece's ratings to "selective default" when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday. [ VIEW FULL COVERAGE @Reuters: Top News ]