Standard & Poor's hikes Greek rating by six notches

Standard & Poor's ratings agency last night upgraded Greece's credit grade by 6 notches. This pulled the debt-heavy country out of default but still keeps its devalued bonds in junk status. S&P said the upgrade to B- - the highest grade it has given Greece since June 2011 - reflected its view that the other euro zone countries are determined to keep Greece inside the currency union. It also gave Greece a stable outlook, meaning it is less likely to change its rating again soon. "The stable outlook balances our view of euro zone member states' determination to support Greece's euro zone membership and the...