Surprise, surprise. Socialism is YET AGAIN ... A FAILURE!
Title misleading
only these nations had their ratings dropped:
Italy: downgraded to A3 from A2
Malta: downgraded to A3 from A2
Portugal: downgraded to Ba3 from Ba2
Slovakia: downgraded to A2 from A1
Slovenia: downgraded to A2 from A1
Spain: downgraded to A3 from A1
That’s only 6 nations.
This is all because Republicans didn’t agree to raise the debt ceiling. /sarc
The proverbial house of cards if ever there was one. As Margaret Thatcher so accurately predicted, they’ve run out of other people’s money.
Moody’s - Controversies (Wikipedia)
https://en.wikipedia.org/wiki/Moody%27s#Controversies