S&P Lowers Greece Sovereign Credit Rating

Standard & Poor's Ratings Services lowered its sovereign rating on Greece to 'CCC minus' from 'CCC', saying the probability of Greece exiting the Eurozone was now about 50 per cent. Greece's bailout talks with lenders collapsed over the weekend, intensifying fears that the country could soon exit the Eurozone. A Greek official told Reuters on Monday the country would not pay a 1.6 billon euro loan instalment due the International M...