Skip to comments.France Loses Triple-A Rating On S&P Downgrade: Report
Posted on 01/13/2012 8:05:39 AM PST by tcrlaf
Standard & Poor's ratings agency has downgraded France's credit rating, French television channels reported on Friday, citing a government source.
EU building flags brussels EyesWideOpen | Getty Images The channels did not provide further details.
S&P warned in December that it could downgrade the credit ratings of several euro zone nations if European leaders failed to find a lasting solution to the debt crisis at a meeting of EU leaders that month.
Several euro zone countries including France face an imminent downgrade by ratings agency S&P, Reuters and Dow Jones news agencies reported, sending the euro to a session low against the dollar and European stocks down. US stocks also tumbled.
The reports said Germany and the Netherlands were not among the countries facing a downgrade later on Friday, but gave no further details.
According to Dow Jones sources, France was among the countries set to be downgraded.
(Excerpt) Read more at cnbc.com ...
QE III, baby!!!!
MEANWHILE, in other news you won’t be seeing on NBC/MSNBC, BofA just lowered Q4 growth expectations for the SECOND TIME in just the last 4 days.
Turns out that all the “SANTA RALLY!!! PRAISE OBAMA!!!” media press was just bull sh*t, after all.
Color me shocked.
How’s that Socialism working for you?
BTW, anyone else wondering where the ECB got the money it loaned out for those recent bond sales...?
About as well as ours is here.
How is this not front page news?
I put it there. the Mods decided it wasn’t worthy.
You were right. There powers that be here, well...