Tagged: Credit Rating agencies

S&P further downgrades Greece to CC long term rating and C short Term rating

S&P further downgrades Greece to CC long term rating and C short Term rating

Overview Following review of the July 21 statement by the European Council (EC), Standard & Poor’s has concluded that the proposed restructuring, in the form of an exchange into discount or par bonds or...

Moody’s cut Ireland’s rating to Junk

Moody’s cut Ireland’s rating to Junk

Ireland joined Portugal and Greece as the third euro-area nation to have its credit rating reduced to below investment grade as European Union finance ministers struggle to contain the region’s sovereign debt crisis. Moody’s...

Affect of Portugal downgrade is here!!

This was evident and had to happen. As Moody’s downgraded Portugal to Ba2 status which means that the government bonds of Portugal are now in Junk category, the 10-Year yield of Portugal government bonds...

Welcome aboard Portugal, here is your Ba2 ticket!!

Welcome aboard Portugal, here is your Ba2 ticket!!

Portugal just took a ride on the sinking ship of EU carrying all the junk bonds which are so heavy that drowning is just a matter of time. Nothing can take Europe out of...

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