Greece Cut To Junk Status By S&P
By Oakshire Financial
April 27, 2010 2:13 PM
April 27, 2010 2:13 PM
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Sentiment has taken a fierce beating today as concerns over Greece and fears of contagion to the wider Eurozone have sent investors scrambling out of risky assets. The yield on 2-year Greek government debt lurched nastily above 17% today after S&P cut Greece’s rating to BB+/B and outlook negative; a downgrade that officially classifies Greece in the category of junk. EURUSD had earlier… | ||||||||||||||||||||
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