downgrade Archives - Keep Talking Greece

Fitch, Moody’s Threaten Euro Zone with “Collective Downgrade”, Should Greece…

June 9, 2012 Economy 5

Rating agencies Fitch and Moody’s threaten to collectively downgrade the Euro Zone, should Greece exit the common currency club. I wonder: did Greeks get supporters against Germany’s pressures? Is it a good or a bad sign? But, of course, the question about the power potential of ratings agencies remain… Moody’s: …

Fitch Downgrades Greece and Tells Greeks to vote Pro-Bailout Parties

May 17, 2012 Economy 3

The world does not cease to amaze me. Ratings agency Fitch downgraded Greece not due to its huge debts but due to … its voters. Fitch warned that should the June elections produce an anti-bailout government, an exit from the euro is possible, and therefore the agency would consider it as a default …

S&P Downgraded EFSF, the Euro Zone Rescue Fund

January 17, 2012 Economy Comments Off on S&P Downgraded EFSF, the Euro Zone Rescue Fund

For some stupid reason I had to laugh when I read the news that rating agency Standard & Poor’s downgraded the European Financial Stability Fund (EFSF), the rescue and bailout fund of the euro zone. It blew in my mind a mixture of the “Vacuum Cleaner Beast” and the “Nowhere man” …

Moody’s Violently Kicked EU’s Butts Over Portugal

July 6, 2011 Economy 7

Finally the kings and queens of European Union and relevant royal families like the one in Germany woke up. In fact, they were violently rose from their beds with a painful kick landing at their snobbish butts. They came running down the imperial staircase to the living room. Confirmed reports insist, it …

S&P downgrades Greece – PM lashes out against Rating agencies

March 29, 2011 Economy Comments Off on S&P downgrades Greece – PM lashes out against Rating agencies

Standard & Poor΄s Ratings Services said on Tuesday it lowered its long-term sovereign credit rating on Greece to ΄BB-΄ from ΄BB+΄ and maintained the rating on CreditWatch with negative implications. At the same time, the rating agency placed its ΄B΄ short-term sovereign credit rating on Greece on CreditWatch with negative …

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