Standard & Poor's said Greece's sovereign debt could lose its BBB+ rating by March if the country's financial condition worsens or the government loses public support for its austerity measures. "In our view, a further downgrade of one to two notches is possible within a month," said S&P credit analyst Marko Mrsnik. Under S&P's rating system, a downgrade of even two steps would leave Greece with an investment-grade rating.

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