triple-C

The weekend saw tens of thousands in the streets of Athens protesting the austerity measures and on Monday, Standard & Poor's cut the rating on Greece by three notches to triple-C, citing a "significantly higher" default risk.

Rifts on New Greek Aid Linger Matthew Dalton 2011

The Chinese data helped markets shrug off Standard & Poor's three-notch downgrade of Greece to triple-C, announced after European markets had closed on Monday.

Europe, Asia Rise Barbara Kollmeyer 2011

In go-go 2007, triple-C deals made up more than one-third of the market.

Party Goes On in Corporates Matthieu Wirz 2011

The Chinese data, which showed industrial production in the world's second-largest economy rose 13.3% in May, slightly more than expected, while May's 5.5% inflation rate matched expectations, helped markets shrug off Standard & Poor's three-notch downgrade of Greece to triple-C, announced after European markets had closed on Monday.

Europe Stocks Gain Barbara Kollmeyer 2011

That trend began in 2010, when new bonds rated triple-C, the lowest rung of the junk-bond ladder, swelled to comprise 17% of all new deals, compared with 11.4% the previous year, according to Standard & Poor's LCD.

Party Goes On in Corporates Matthieu Wirz 2011

If Com Hem is successful, it will be the first European company rated triple-C—one of the lowest credit ratings—to raise money in the bond market since May.

European Bonds Lure U.S. Bargain Hunters Matt Wirz 2011

Meanwhile, S&P slashed its credit rating for Greece by three notches to triple-C, the agency's lowest mark.

Treasurys Erase Early Losses Min Zeng 2011

The agency lowered its rating from B to triple-C, one notch lower than Moody's Investors Service, which slashed its rating on Greece at the start of the month.

Greek Debt Hits a New Low Stephen Fidler 2011

Tranche 2: Amount: $600 million second-lien pay-in-kind notes; maturity: Jan. 15, 2017; coupon: 10.75% cash / 11.5% if PIK; spread: 845 basis points more than Treasurys; ratings: Caa2 (Moody's), triple-C (S & P).

New Securities Issues 2011

Standard & Poor's downgrade of Greece to triple-C—making it the lowest-rated sovereign in the world—specifically fingers the latest German debt swap proposal as a default.

The Dangers of a Default Position Richard Barley 2011