What a surprise - when will this happen to our debt with this admin
doing its best to emulate the Greeks.
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Breaking News Alert
The New York Times
Tue, April 27, 2010 -- 12:00 PM ET
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Greek Debt Downgraded to Junk Status by Standard & Poor's
Greece's debt has been downgraded to noninvestment status by
Standard & Poor's amid mounting fears that the debt crisis in
Europe is spiraling out of control.
In a statement Tuesday, the agency said that it was lowering
its rating on Greece's debt three full notches, to BB+ from
BBB -- the first level of speculative, or junk, status.
The outlook is negative, meaning the agency could downgrade
the rating again.
Read More:
http://www.nytimes.com/2010/04/28/business/global/28rating.html?emc=na
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