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S&P affirms Greece at CCC+, stable outlook

FXStreet (Córdoba) – Ratings agency Standard & Poor’s has reaffirmed Greece’s sovereign rating at CCC+ with a stable outlook.

S&P warned that snap elections in Greece will likely delay next disbursement of ESM funds. The agency also expects Greek economy will contract 3% this year.

“Although the Greek economy remains fragile and the September 20 election outcome uncertain, we think the risk of Greece leaving the eurozone has receded to less than a one-in-three likelihood”, S&P said.

Ratings agency Standard & Poor’s has reaffirmed Greece’s sovereign rating at CCC+ with a stable outlook.

(Market News Provided by FXstreet)

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Wall Street rally loses momentum

Wall Street rally loses momentum Wall Street trimmed early gains and was little changed in early afternoon trading on Wednesday as the rally fueled by hopes of further stimulus measures in China faded. The three major indexes had been up as much as 1 percent earlier in the day, building on Tuesday’s gains. China’s Ministry…

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