S&P cuts Greek outlook to 'negative'

Standard & Poor's cut Greece's already junk-level debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.

"The negative outlook reflects the potential for a downgrade if shortfalls in Greece's 2012 deficit and arrears targets established under the current EU/International Monetary Fund program are not met by new funding or other relief" from key creditors, S&P said.

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