S&P boosts Greece's credit rating | Synopsis

S&P boosts Greece's credit rating

Winter Riots by ssoosay
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Excerpt:

S&P lifted Greece's credit rating six notches to B-minus from selective default, a rating it slapped on Greece earlier this month when Greece entered into a debt buyback program with private bondholders. Tuesday's upgrade reflects the completion of the buyback as well as the eurozone finance ministers' approval to release an additional €49. 1 billion in aid to Greece, S&P said. Greece received its first bailout two and a half years ago, and worries persist that the country's still massive debt levels could lead to a messy exit from Europe's monetary union. In 2013, the country's debt level is expected to reach 190% of GDP, and the economy is set to enter its sixth year of recession, with unemployment at a lofty 25%. But S&P is optimistic.

Keywords:

Greece worries persist that the country s still massive debt buyback program eurozone finance ministers eurozone member states S&P material cash flow eurozone membership private bondholders selective default debt levels messy exit debt level credit rating monetary union broader region Greek finances stable outlook notches recession GDP unemployment approval completion upgrade B-minus determination stability Tuesday economy aid bailout Europe

S&P boosts Greece's credit rating

Additional Info:

Company: S&P

Overall Sentiment: 0.284119

Relevance: 0.358575

Disambiguation: References:

• Standard & Poor's
• Standard & Poor's: dbpedia
• Standard & Poor's: freebase
• Standard & Poor's: opencyc
• Standard & Poor's: yago

Country: Greece

Overall Sentiment: 0.30921

Relevance: 0.969463

Disambiguation: Location | GovernmentalJurisdiction | WineRegionReferences:

• Greece: dbpedia
• Greece: freebase
• Greece: ciaFactbook
• Greece: umbel
• Greece: opencyc
• Greece: yago

Webpage Meta Tags

Site Provided Keywords:

• aid
• bailout
• bonds
• credit
• debt
• ecb
• euro
• eurozone
• gdp
• Greece
• growth
• rating
• recession

Provided Title:

S&P boosts Greece's credit rating

Provided Desc:

Standard and Poor's boosted Greece's credit rating by several notches Tuesday, citing the broad commitment to keep Greece in the eurozone.

Source Site: http://rss.cnn.com/~r/rss/money_latest/~3/svz7aA3DG7A/index.html

Data Sources

Full Content: http://rss.cnn.com/~r/rss/money_latest/~3/svz7aA3DG7A/index.html

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