13 replies to this topic

[Rogerdodger]

DOWNGRADE RAMPAGE

SPAIN, ITALY, BELGIUM, CYPRUS, AND SLOVENIA

Fitch just cut the long-term issuer ratings of 5 EU countries:

Belgium: AA+ to AA

Spain: AA- to A

Italy: A+ to A-

Cyprus: BBB to BBB-

Slovenia: AA- to A

It affirmed Ireland's BBB+ rating with a negative outlook.

Edited by Rogerdodger, 27 January 2012 - 02:09 PM.

[tix]

Yawn!

[andr99]

DOWNGRADE RAMPAGE

SPAIN, ITALY, BELGIUM, CYPRUS, AND SLOVENIA

Fitch just cut the long-term issuer ratings of 5 EU countries:

Belgium: AA+ to AA

Spain: AA- to A

Italy: A+ to A-

Cyprus: BBB to BBB-

Slovenia: AA- to A

It affirmed Ireland's BBB+ rating with a negative outlook.

roger.........do you want to know what we all do here with the reports by fitch ? We clean our own @@@@@. These agencies are the alter ego of the wall street barons and they keep up their game. Have they also downgraded the USA ? We are the third or fourth european economy (despite the taliban parts of the boot we carry on our shoulders). Do you imagine a downgrade of the third-fourth european economy that has no consequences on the ratings of the others in the western world ? This tells you what fitch and similars are, imo.

[Rogerdodger]

Usually it's the reaction that's more important than the news itself.
So far it's a YAWN!

Yawn!

[vitaminm]

What's Fitch rating on USA?

[IYB]

Fitch rating of European sovereign debt? Isn't that a little like asking Larry the Cable Guy to rate the NY Times nonfiction best sellers?

[selecto]

If price doesn't care, then why should we?

(Oh, I realize that its TEOTWAWKI. I believe the
calls for such an event were first scratched on pieces
of bark about the time Cain.)

PS: Didn't know the dude was a trader:
"I make a mistake, every hour, every day." Obama admits.

Edited by selecto, 27 January 2012 - 04:08 PM.

[Rogerdodger]

Don't be pickin on my boy, Larry: 99 percent of lawyers give the rest a bad name. A clear conscience is usually the sign of a bad memory. Support bacteria. They're the only culture some people have. The early bird may get the worm, but the second mouse gets the cheese in the trap. Depression is merely anger without enthusiasm. What happens if you get scared half to death, twice? If the world didn't suck, we'd all fall off I believe guns don't kill people.. Husbands that come home early do

[pdx5]

First of all Fitch is not the most prominent rating agency. That honor belongs to S&P. So why should their prognostications have an immediate impact on markets? However Fitch is known for brutally honest ratings. If that is really true, you betcha there will be long term consequences.

[zoropb]

Don't be pickin on my boy, Larry:
99 percent of lawyers give the rest a bad name.
A clear conscience is usually the sign of a bad memory.
Support bacteria. They're the only culture some people have.
The early bird may get the worm, but the second mouse gets the cheese in the trap.
Depression is merely anger without enthusiasm.
What happens if you get scared half to death, twice?
If the world didn't suck, we'd all fall off
I believe guns don't kill people.. Husbands that come home early do

Love that one RD