Standard & Poor's Ratings Services today said that is has placed its CCC issue rating to new bonds issued by Greece three days ago, backing the agency's view of the nation's vague economic growth outlook even after completing the biggest sovereign-debt restructuring in history.

Following its's Feb. 27 move on the nation, the world's biggest rating agency said its sovereign credit rating on Greece will remain at 'Selective Default' until the exchange of Greece's non-Greek-Law governed bonds is concluded. The Greek Bond exchange is due on April 11,2012.