Posted on 08/07/2011 7:41:05 PM PDT by TigerLikesRooster
S&P's Beers: We Don't Have a Hit List
Published: Sunday, 7 Aug 2011 | 8:58 PM ET
By: Deepanshu Bagchee
Supervising Digital Editor, CNBC Asia
After Standard and Poor's historic downgrade of the U.S.'s credit rating to AA-plus from triple-A, fears are growing that other countries may be next, most notably France, which is facing big costs from a bailout of troubled Euro zone countries.
But the global head of sovereign ratings at S&P says the agency does not have a target list and will downgrade ratings as and when it sees deteriorating economic performance or debt burdens.
"We don't have a hit list, we've obviously taken a number of rating actions in the Euro zone going back a number of years, that's still an unfolding story which we're watching very closely," David Beers told CNBC on Monday.
(Excerpt) Read more at cnbc.com ...
P!
If they don’t have a list, it’s probably because
they can’t tell who will default next.
As an aside, I found it absolutely hilarious to watch Zero and his crowds jumping up and down over ‘unexpected’ downgrade of U.S. credit rating. They absolutely own this downgrade fiasco by refusing to cut spending.
Absolutely, what we are seeing now is the dem propaganda
machine in full glory. We must not allow the meme to stand.
How is France next when the S&P came out yesterday and said that France = AAA? =.=
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