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S & P assess the possibility of a Greek exit from the eurozone

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S & P assess the possibility of a Greek exit from the eurozone

Post by Admin on Mon Jun 29, 2015 8:27 pm

International rating agency Standard & Poor's (S & P) downgraded the credit ratings of Greece's local and foreign currency - from CCC to CCC-.

Forecast on them - "negative". Short-term ratings affirmed at C.

The downgrade reflects the assessment that Athens "in the absence of unforeseen circumstances, favorable changes" will not be able to repay commercial debt over the next six months, according to the press release

S & P believes that the decision of the Greek authorities to hold a referendum on the country's debt on July 5 means that the government prefers domestic policy to the detriment of the financial and economic stability. The probability of a Greek exit from the euro zone is about 50%, the agency said.

glavcom.ua: In Russian


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