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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