Greece credit rating up six notches

Press Association
Euros
Euros

Standard & Poor's ratings agency has upgraded Greece's credit grade by six notches - yanking the debt-heavy country out of default, but still keeping its devalued bonds in junk status.


The agency said the upgrade to B- - the highest grade it has given Greece since June 2011 - reflected its view that the other 16 European Union countries using the euro are determined to keep Greece inside the currency union.
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