Sovereign Credit of Spain and Greece Downgraded … Who’s Next?

Standard & Poors stripped Spain of its AAA sovereign credit rating today.

Greece got downgraded on January 14th.

Ireland is on the watch list and – given its severe financial problems – might be next. Portugal is also on S&P’s watch list.

America may not be far behind either, although it might be exerting severe political pressure on the rating agencies to maintain the status quo.

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