S&P Downgrades Greece Credit Rating to ‘Selective Default’ 0 Bob Dillon Europe2/28/12 5:16:14 amTuesday, February 28, 2012 at 5:16 am PST • Views: 833 money.cnn.com Credit Rating Debt European Union Greece Unsustainable Debt Bond Market Bond Payment Bailout Debt Swap Selective Default