EU Nation Sovereign Debt Cuts Spread–Italy, Spain, Portugal Dragged In
Rumors and news have circulated for most of the day that S&P will cut France’s AAA rating, which has been expected, and the Germany will remain on the top rung The credit score adjustments now apparently include Spain, Portugal, and…
Rumors and news have circulated for most of the day that S&P will cut France’s AAA rating, which has been expected, and the Germany will remain on the top rung
The credit score adjustments now apparently include Spain, Portugal, and Italy
Now, insiders are saying Italy, Spain and Portugal will have their sovereign credit rating downgraded by two notches. Austria is also set to lose its Triple A rating along with France. Germany and the Netherlands are said to be safe from this round of downgrades.
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