(Corrects prior level of Greece's rating CCC from C)
NEW YORK Standard & Poor's on Wednesday cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating.
Last week Greece and its international lenders reached a deal to lower the country's debt burden, which included a debt buyback. (Reporting by U.S. Treasury Desk)
Trending On Reuters
Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts' estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business. Full Article