(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
The NSE Nifty fell 3.4 percent on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets worldwide. Full Article