Standard & Poors nedgraderer Grækenland

Ever quick on the uptake, Standard & Poor’s have just downgradedGreece and warned that there is a 50% chance of a Grexit.

• S&P LOWERS GREECE SOVEREIGN CREDIT RATING TO CCC- FROM CCC
• S&P- SAYS THE PROBABILITY OF GREECE EXITING THE EUROZONE IS NOW ABOUT 50%
• S&P – THE PROBABILITY OF GREECE EXITING THE EUROZONE IS NOW ABOUT 50 PCT
• S&P -INTERPRET GREECE’S DECISION TO HOLD REFERENDUM ON OFFICIAL CREDITORS’ LOAN PROPOSALS INDICATION TSIPRAS GOVT WILL PRIORITIZE DOMESTIC POLITICS
• S&P -NEGATIVE OUTLOOK ON GREECE MEANS “WE COULD LOWER THE LONG-TERM RATINGS TO ‘SD’ WITHIN THE NEXT SIX MONTHS IN THE EVENT OF A DISTRESSED EXCHANGE”
• S&P – BELIEVE THAT “ABSENT UNANTICIPATED FAVORABLE CHANGES IN GREECE’S CIRCUMSTANCES, A COMMERCIAL DEFAULT IS INEVITABLE WITHIN THE NEXT SIX MONTHS”
• S&P – WOULD NOT LOWER LONG-TERM RATINGS ON GREECE TO ‘SD’ SHOULD THE GOVERNMENT MISS PAYMENTS ON BONDS HELD BY THE ECB
• S&P SAYS EXIT FROM THE EUROZONE WOULD LEAD S&P TO REVISE TRANSFER AND CONVERTIBILITY ASSESSMENT ON GREECE TO ‘CCC’ FROM ‘AAA’