S&P lifts Greece from selective default rating
World BusinessDec 19, 2012
Ratings agency Standard and Poor's raised Greece's sovereign debt rating by six notches on Tuesday encouraged by a burst of support for Athens from eurozone partners.The upgrade from selective default to B-/B "reflects our view of the strong determination of European Economic and Monetary Union (eurozone) member states to preserve Greek membership in the eurozone," an S&P statement said.The outlook for Greek public debt was stable because of the government's commitment to fiscal and structural a