S&P Strikes Again

STEED · 01-13-12, 04:28 PM

France has lost there AAA+ Rating with S&P, now on AA+

http://www.bbc.co.uk/news/business-16552623

Austria also looks like there loosing there AAA+

Italy looks like a double whammy, there on A+ heading for BBB+

Don't panic France you still got AAA+ with Moody's & Fitch rating agency's.

Takeda Shingen · 01-13-12, 04:30 PM

Bwahahahaahahaha! Welcome to the club, boys. We've saved you a nice seat on the bench next to good ol' Uncle Sam.

GoldenRivet · 01-13-12, 04:32 PM

for both the US and France AA+ would still be pretty generous

STEED · 01-13-12, 04:45 PM

Italy has been downgraded to BBB+ and Spain down from AA+ to A.

http://www.telegraph.co.uk/finance/d...isis-live.html

STEED · 01-13-12, 04:49 PM

Finland & Germany keep there AAA+

updates...
http://www.telegraph.co.uk/finance/d...isis-live.html

Skybird · 01-13-12, 07:18 PM

Quote:

Originally Posted by STEED

Finland & Germany keep there AAA+

updates...
http://www.telegraph.co.uk/finance/d...isis-live.html

But the EU states are working to pull Germany's rating down, too. The "fiscal pact" (hahaha, always these pathetic phrases, in German the word "Pakt" for a treaty has a very old-fashioned odor to it) is under heavy fire by attempts to soften up the key issues in it. States do not want to accept automatisms and EU courts (as if these are not already europhile enough) bringing them to courts when violating the debt breaks. States want that only a voting by other states can bring a violater to courts. In other words, since this event is extremly unlikely, they want to sanctions being imposed on anyone, ever.

And the German finance minister is reprted to secretly plan to bypass the debt break Germany alreadsy has implemented into its constitution, becoming valid in some years (in some years, yes, take your time, fellas, there is no need to hurry up...).

This to illustrate where the voyage is going: downwards.

Sun Tzu: he who tries to defend everything, will lose everything.

01-13-12, 04:28 PM	#1
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	S&P Strikes Again France has lost there AAA+ Rating with S&P, now on AA+ http://www.bbc.co.uk/news/business-16552623 Austria also looks like there loosing there AAA+ Italy looks like a double whammy, there on A+ heading for BBB+ Don't panic France you still got AAA+ with Moody's & Fitch rating agency's. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

01-13-12, 04:32 PM	#3
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	for both the US and France AA+ would still be pretty generous __________________

01-13-12, 04:45 PM	#4
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Italy has been downgraded to BBB+ and Spain down from AA+ to A. http://www.telegraph.co.uk/finance/d...isis-live.html __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

01-13-12, 04:49 PM	#5
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Finland & Germany keep there AAA+ updates... http://www.telegraph.co.uk/finance/d...isis-live.html __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

01-13-12, 04:30 PM	#2
Takeda Shingen Navy Seal Join Date: Mar 2000 Posts: 8,643 Downloads: 19 Uploads: 0	Bwahahahaahahaha! Welcome to the club, boys. We've saved you a nice seat on the bench next to good ol' Uncle Sam.