ECB would rely on best available rating on Greek debt

A senior finance official said a downgrade of Greece's debt by one or two credit rating agencies would not rule out the European Central Bank's acceptance of the debt as collateral. The central bank would rely on the best rating from Fitch Ratings, Moody's Investors Service or Standard & Poor's, the official said. S&P said recently that a plan backed by France and Germany to roll over Greek debt would constitute a default.

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