15 April 2015 - Schäuble dashes last hope in April - S&P sets Greece on 'vulnerable to default' = CCC+
http://www.ft.com/intl/cms/s/0/aeae3cfc-e38b-11e4-9a82-00144feab7de.html
http://www.focus-fen.net/news/2015/04/15/369581/sp-cuts-greece-rating-into-vulnerable-to-default-range.html
Athens. Standard and Poor's on Wednesday cut its long-term credit rating for Greece by one notch to CCC+, a level at which borrowers are considered as being vulnerable to default, saying it needs further reforms and help, AFP reports.
"Without deep economic reform or further relief, we expect Greece's debt and other financial commitments will be unsustainable," said the agency, adding that the outlook on the rating was negative.
Negotiations between Athens and its EU-IMF creditors are hurtling towards an April 24 deadline as the Greek government's coffers are emptying fast.
Athens desperately needs a deal to unlock 7.2 billion euros ($7.6 billion) -- the last tranche of a 240-billion-euro bailout accorded in 2010 -- but the EU and IMF want better reforms from Greece.
http://euro-drachma-grexit.blogspot.nl/
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