European Salon de News, Discussion et Klatsch - 15 February | 60 comments (60 topical, 0 editorial, 0 hidden)

Credit ratings: how Fitch, Moody's and S&P rate each country . Visualised - with a spreadsheet | News | guardian.co.uk

How do credit ratings vary by country and by ratings agencies? The UK has had the outlook on it's Aaa Moody's rating changed to negative in a range of adjustments by the major credit agency including downgrades for Italy, Malta, Portugal, Slovenia, Slovakia and Spain.
Moody's announced the nine rating changes yesterday with France and Austria sharing the same fate as the UK with their outlooks also being changed to negative. A "negative outlook" means there is approximately a one in three chance that Britain will lose its AAA rating with Moody's in the next 18 months.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 14th, 2012 at 03:52:22 PM EST
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Re: Economy and Finance (none / 0)

BBC News - Osborne defends cuts as UK warned on credit rating

Chancellor George Osborne has defended continued spending cuts following a warning that the country's top credit rating may be downgraded.
Ratings agency Moody's put the UK on "negative outlook" due to the risk the eurozone crisis could affect growth and thus its efforts to reduce debts.
Labour said the government should ease off on austerity measures because they were "sacrificing" growth and jobs.
Mr Osborne disputed this, saying the UK "had to deal with its debts".

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Feb 14th, 2012 at 04:05:00 PM EST
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European Salon de News, Discussion et Klatsch - 15 February | 60 comments (60 topical, 0 editorial, 0 hidden)