S&P: Risk Of Cyprus Debt Default ‘Material and Rising’

The risk of a sovereign debt default in Cyprus is “material and rising”, as European officials continue debating whether to bail out the country, the ratings agency Standard & Poor’s said in a research note Wednesday. S&P said there was currently a one-in-three chance of further lowering Cyprus’…

Read more: 
S&P: Risk Of Cyprus Debt Default ‘Material and Rising’