Greece faces potential S&P downgrade in a month

Greece may see its credit rating downgraded further within a month, a leading credit ratings agency says, as much of the country went on strike to protest against upcoming austerity measures.

Standard & Poor's, one of the world's leading three credit ratings agency, said Wednesday it is maintaining its rating on the country's debt but that it is vulnerable to a downgrade over the coming month _ which would make it more difficult and more expensive for Greece to borrow in the international money markets.

The Greek government has pledged to reduce the country's borrowing but is meeting resistance from many quarters in the country.