S&P Puts Ratings On Eurozone Sovereigns On Watch With Negative Implications

S&P Puts Ratings On Eurozone Sovereigns On Watch With Negative Implications

From standardandpoors.com

Standard & Poor's Ratings Services today placed its long-term sovereign ratings on 15 members of the European Economic and Monetary Union (EMU or eurozone) on CreditWatch with negative implications. We have also maintained the CreditWatch negative status of our long-term rating on Cyprus and placed its short-term ratings on CreditWatch with negative implications. The ratings on Greece have not been placed on CreditWatch. The ratings on the eurozone sovereigns are listed below. Today's CreditWatch placements are prompted by our belief that systemic stresses in the eurozone have risen in recent weeks to the extent that ... (full story)

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Post #1
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Dec 5, 2011 4:38pm Dec 5, 2011 4:38pm

Primate
| Joined Nov 2006 | Status: Swingin' trader | 55 Comments

Not content with wrecking the financial sytem by encouraging the take-up of SIVs based on shaky mortgages, the ratings agencies are now having a go at the sovereign nations. Wouldn't it be nice if they simply went on holiday or something - for about 5 years.

Post #2
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Dec 5, 2011 4:42pm Dec 5, 2011 4:42pm

The Fool
Joined Apr 2009 | Status: No fool like an old fool | 1,398 Comments

somebody needs to put a turd in their mailbox

Post #3
Quote
Dec 5, 2011 4:43pm Dec 5, 2011 4:43pm

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 363 Comments

Quoting The Fool

Disliked

somebody needs to put a turd in their mailbox

Ignored

agree infact the whole zoo need to shit in there letterbox rofl

Post #4
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Dec 5, 2011 5:43pm Dec 5, 2011 5:43pm

Fidza
| Joined Nov 2011 | Status: Member | 208 Comments

Rumor has it that Mars and Uranus are next in line for an S&P credit downgrade, oh wait that wont happen right because the Assholes behind these decisions wont be able to short the respective currencies just before they announce them.
I find their timing very convenient , they bring out these bombs when the markets are at their shakiest and are guaranteed movement in accordance with the downgraded establishments currency.Remember the US debt ceiling drama a while back and these cons showing up in between all that (funny Fitch did not quite share the same views huh?)

Post #5
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Dec 5, 2011 6:38pm Dec 5, 2011 6:38pm

mohan76
Joined Jan 2011 | Status: Ordinary Members | 42 Comments

all countries should request DD rating from rating agencies and focus on development. otherwise this rating agencies downgrade/talk about downgrade when currency pair nearing SL

Story Stats

Posted: Dec 5, 2011 4:28pm
Submitted by:
Newsstand

Category: Medium Impact Breaking News

Comments: 5 / Views: 2,691