MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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France Loses AAA as S.&P. Cuts Ratings on European Debt.
By artappraiser on Fri, 01/13/2012 - 6:01pm |By Liz Alderman, New York Times, Jan. 13/14, 2012
The ratings agency Standard & Poor’s also cut Portugal’s credit to junk status, lowered Italy’s rating and downgraded several other countries caught in the euro crisis.
[....] The actions, which lowered the ratings of nine countries, were the strongest signal yet that Europe’s sovereign debt woes were far from over and would pose fresh political challenges for politicians [....] A downgrade by a single ratings agency like Standard & Poor’s could have an immediate, though not devastating, impact on the countries’ ability to borrow money [....]
Also see:
Alderman's In France, the Pain Is Especially Acute
URL:
http://www.nytimes.com/2012/01/14/business/global/euro-zone-downgrades-expected.html?_r=1&hp
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Comments
The Guardian's Business blog has a Eurozone Crisis Live-blog
by artappraiser on Fri, 01/13/2012 - 6:16pm