One of the most respected credit agencies in the USA, Standard & Poor’s, has downgraded Greece’s credit rating this morning to that of an emerging market. S&P Dow Jones states that Greece no longer classifies as a developed market. Instead, the indices provider gives it “emerging market status” for the following reasons; the Greek equity market lags behind the advancements in market practices typical of other developed markets. Dramatic and consistent reduction in market size over the past few years. Failed market accessibility. blog.fxcc/greece-credit-rating-is-downgraded-by-standard-poors-as-japans-central-bank-commits-to-more-monetary-stimulus
Posted on: Thu, 31 Oct 2013 10:11:20 +0000
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