S&P upgrades Greece’s credit rating after European bailout

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#AceFinanceNews – July.21: Standard & Poor’s has raised Greece’s credit rating after a European bailout reduced the chances of the country’s government defaulting on its massive debts during the next year.

Greece’s rating now stands at “CCC+” in an upgrade announced Tuesday. That classification means Greece is still on shaky financial ground, but less likely to face an immediate credit crisis.

S&P had previou…

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