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  • Moody's slashes Spain credit rating

    From google.com

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    Moody's slashed Spain's credit rating by three notches Wednesday, days after the government set a deal to borrow 100 billion euros ($125 billion) to shore up its banks. "This will further increase the country's debt burden, which has risen dramatically since the onset of the financial crisis," Moody's said. The rating was dropped three levels from A3 to Baa3, the lowest level of "investment grade" or just above "speculative" or "junk" grade. The downgrade came after Spain requested a rescue for its banks from the European Union's emergency fund on Saturday, ... (full story)

    • Ill-b-back
      Ill-b-back's Avatar

        6,766 posts
    • Ha ha #^*%, where can we hide now??.....

    • Guest

      IP XXX.XXX.159.54
    • Euro got stronger after downgrade. Someone should really downgrade Switzerland so they can stop Euro manipulation. They are buying Euro at a rate of 7 million per minute. Damn 1.20 peg

    • Guest

      IP XX.XXX.24.5
    • If they really are stuffing their pockets with Euro's the downgrade will come soon when the world finally flushes that HUGE Euroturd! Might need to use the plunger...

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