Greece In Default Once Again On Troika-Imposed Bond Buyback, S&P Says
- Thursday, December 6, 2012, 2:01
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And so it happened. Greece is once again in selective default, at least according to Standard & Poor’s. The credit rating agency noted that the bond buyback that the Hellenic Republic is conducting as a prerequisite to getting the next tranche of bailout aid from the Troika constitutes a distressed debt restructuring, which in their books means default.
http://www.forbes.com/sites/afontevecchia/2012/12/05/greece-in-default-once-again-on-troika-imposed-bond-buyback-sp-says/
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