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... e rating agency, Standard & Poor's, took action, and this time they did it even more ruthlessly.

   Standard & Poor's directly lowered Greece's sovereign debt from the previous BB- to B+, which means that the possibility of default is higher than that of BB, but the issuer is still able to repay the debt. However, deteriorating commercial, financial and economic conditions may weaken the ability and willingness of debt issuers to repay their debts.

   Compared with the BB l ...

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