ECONOMY

S&P puts Greece rating on watch for downgrade

Standard & Poor’s put Greece’s B credit rating on watch for a possible downgrade on Wednesday, warning that some of the policies of the new anti-austerity government were putting Greece on a collision course with its international creditors.

“In our opinion, if the new Greek government fails to agree with official creditors on further financial support, this would further weaken Greece’s creditworthiness,” said Standard & Poor’s in a statement.

[AFP]