S&P keeps Greece rating at selective default

NEW YORK - Standard&Poor's said on Thursday it would keep the long-term foreignsovereign credit rating for Greece at selective default until anexchange of bonds governed by international law is concluded. 
"Our sovereign credit ratings on Greece will remain at 'SD'until the exchange of Greece's non-Greek-law governed bonds isconcluded, which we understand is to occur by April 11, 2012" S&P said in a statement.

(Reuters)