S&P issues default warning on new Greece bailout plan

Latest proposals could see Greece's rating lowered to 'selective default'

Comment by: Anonymous. Posted 12 years ago [2011-07-06 10:19:26]

Why do the rating agencies have all this importance? this is unbelievable, they are creating more harm than good. They are useless, but the speculators still use them as an excuse to move the market. ISDa has made clear a voluntary exchange would not trigger a credit event under CDS, http://www.cnbc.com/id/43640540/