Monday, June 29, 2015

SnP ratings agency downgrades Greece to CCC-

Standard & Poor's rating agency has cut Greece's credit grade by one notch as capital controls take effect across the country.

The measures were put in place ahead of a referendum next week to determine whether Greece will accept another bailout and to stop depositors from draining Greek banks.

Our Europe correspondent Sandra Gathmann reports.

IN: "The SNP..."
OUT: SOC
TIME: 50 Seconds

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