Greece will be forced to default on its debts if a deal with its EU creditors is not reached by mid-May, a leading credit rating agency said on Wednesday (15 April).
Standard & Poor's downgraded Greece’s further into junk territory, from B- to CCC+, with a negative outlook, stating that “without deep economic reform or further relief, we expect Greece's debt and other financial commitments will be unsustainable".
“If the stalemate between Greece and its official lenders is not res...
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