Posted on 12/18/2012 10:05:30 AM PST by Olog-hai
Ratings agency Standard and Poor’s has raised the credit rating of Greece’s sovereign debt by six levels, praising the “strong determination” of fellow European countries to help it stay in the eurozone.
S&P has increased Greece’s rating from “selective default” to “B-minus”. …
(Excerpt) Read more at bbc.co.uk ...
Say, was that a pig that just flew by the window? :)
Greece’s credit rating was raised because other countries are bailing it out?
They seem impressed by the austerity measures on top of that.
The EU is starting to get their hooks into the ratings agencies. Watch for other odd moves out of them.
I’ve got a couple of customers heading into bankruptcy. I’m afraid I won’t get paid. Voila! I think I’ll just raise their credit rating so I’ll get paid.
That’s exactly what just happened. Standard & Poors are apparently as prone to influence as Moody’s, imho.
S&P raises Greece’s credit rating but lowers Americas,nice job Obama&Co keep spending.
Sort of like my late uncle who had to give his deadbeat tenants a decent reference in order to get them to move out of his building?
Yep.
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