Thursday, April 16, 2015

Standard & Poor's has downgraded Greece's credit rating to CCC+

 With a negative outlook, citing a substantial risk of a default due to the country's drawn out negotiations with its creditors. "No one has a clue how we can reach agreement on an ambitious program," Germany's finance minister said on Wednesday, adding that Greece's new leftist government had "destroyed" all the economic improvements achieved by Athens since 2011.