Debt: Standard & Poor’s downgrades Greece to B- – RTL.fr

Credit: YANNIS Behrakis / POOL / AFP

Alexis Tsipras, the Greek Prime Minister on 5 February 2015 (archives)

Due to the uncertainty on the restructuring of its debt, Standard & amp rating agency; Poor’s (SP) finally executed his threat of the previous week lowering Friday, February 6th note of the sovereign debt of Greece, “B” to “B -” , retaining its under surveillance negative.

“ The time available to the new Greek government to reach an agreement with its creditors on a refinancing of its debt was reduced due to liquidity constraints ” the agency said in a statement Friday night

S & amp;. evoked P “uncertainty around the timing and outcome of such an agreement” at risk, she says, “speed up bank withdrawals, depress investment and weakening tax revenues.” “We believe that if the talks with creditors were prolonged, this could increase pressure on the financial stability of the country,” the agency said.

A decisive week for the new Greek government

This memo “B-” is assigned by S & amp; P issuers having only a relatively small security repayment over the long term . It is located five “notches” of that attributed to payment default by issuers (“D”). The next review of the note by the agency will be held on March 13, she announced.

Greece financially desperate and with a new government since Sunday, will start a decisive week especially on Wednesday a meeting of all the dangers of the finance ministers of the euro area.

Avoid at all costs bankruptcy

A solution must be found for the country, including all funding is now based on the largesse of the European Central Bank, not found bankrupt This could trigger a panic with unpredictable consequences on the markets.

After you send a firm message to Greece Wednesday depriving Greek banks of one of their financing channels , the European Central Bank (ECB) has nevertheless opened a door to give a breath of fresh air to Greek banks. These could well borrow from the institution up to 60 billion euros .

The European aid package for Greece comes to an end in late February .

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