S&P cuts Spain’s credit rating to BBB minus just above junk territory

Thursday, October 11th 2012 - 04:09 UTC

Full article 6 comments

Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide. Read full article

Comments

Disclaimer & comment rules

Marcos Alejandro
S&P cuts Spain’s credit rating to BBB minus just above junk territory

Britain soon to follow.
Oct 11th, 2012 - 04:26 am - Link - Report abuse 0
-+
RobWilliams
@1
I'm assuming you know how the credit rating system works right?

S&P rates Argentina as “B”, meaning it's already 3 grades lower than junk bonds. I believe the phrase i'm looking for is “How do you like them apples?”
Oct 11th, 2012 - 07:59 am - Link - Report abuse 0
-+
DanyBerger
Seems the scam plan is working very well as usual.

Now Spain will have to pay more interest over its debt and when collapse bankers will get huge commissions on restructuring the debt.

I guess that in UK they are going to have a lot of work and will make a lot of profit when default comes.
Oct 11th, 2012 - 08:19 am - Link - Report abuse 0
-+
Conqueror
@1 & 3 Whistling in the wind that comes out of your leader's fat arse!
Oct 11th, 2012 - 10:17 am - Link - Report abuse 0
-+
Idlehands
There seems to be an assumption among Argentine posters that if you state something on a web forum it somehow becomes true - no matter how daft the comment.
Oct 11th, 2012 - 01:39 pm - Link - Report abuse 0
-+
briton
facts old chaps,,
facts
CFK stated we need no one we need no help,
spain stated we need no one , we need no help.

notice the simerlarities .
Oct 11th, 2012 - 05:57 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!