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Ratings agencies say no default if Greece misses payments

There are fears Athens, stuck in funding talks, will fail to make settlements to IMF, ECB

SEEKING A LIFELINE: Greece owes nearly one billion euros to the IMF in May and almost seven billion euros to the ECB over July and August.


MOST top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary Fund (IMF) or European Central Bank (ECB), a stance that could keep vital ECB funding flowing into the financial system.

Greece owes nearly