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Old 10-18-2011, 11:09 AM   #1
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Downgrade watch

Look out below:

Egan-Jones Downgrades Goldman From AA To AA-

S&P Downgrades Over 20 Italian Banks, Says Difficult Climate Is Neither "Transitory" Nor "Easily Reversed"

Will post the imminent downgrade news for France and French banks as they come in...

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Old 10-18-2011, 05:16 PM   #2
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Moody's Downgrades Spain Two Notches To A1, Outlook Negative

Next!
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Old 10-24-2011, 08:22 AM   #3
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Quote :
... the truth is that Europe "may have already entered a recession" as Goldman predicted some weeks ago, a prediction which was confirmed by today's miserable manufacturing and services PMI numbers. ... As Reuters concludes: "The euro zone's debt crisis might already have pushed the bloc's economy back into recession, according to business surveys that showed China's economy taking a stride forward in October." So why is this an issue? Simple - as a reminder in a little noticed statement last week, S&P said it "would likely downgrade the credit ratings of France, Spain, Italy, Ireland and Portugal if the euro zone slips into another recession." Well there's you recession confirmation. So: where is the European bailout killing downgrade of France?
...
http://www.zerohedge.com/news/confir...atings-downgra
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