S&P rates new Greek bonds CCC, still vulnerable to default

PARIS: Standard & Poor's rated Thursday new Greek bonds issued under its bond swap at CCC, or still vulnerable to default, and indicated it would likely assign the same rating for the country.

After the swap is completed "we will likely consider Greece's selective default to be cured and assign a forward-looking sovereign credit rating of 'CCC' to Greece," the agency said in a statement.

Copyright AFP (Agence France-Presse), 2012