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Tag Archives: Selective Default
The Situation in the Hellenic Republic Is Still Evolving
Once again, the ISDA has issued a decision that a Greek credit event has not occurred with the inclusion of retroactive “collective-action clauses (CAC) in its sovereign debt. Standard & Poor’s cut Greece’s credit rating to SD (Selective Default) over … Continue reading
Posted in Editorial, Financial
Tagged CAC, CDS, Greece, Greek, ISDA, NC Renegade, Selective Default
Comments Off on The Situation in the Hellenic Republic Is Still Evolving