Fitch Goes on Rampage: Cuts Spain, Italy, Belgium, Cyprus and Slovenia

**PMBug** · 01-27-2012, 05:40 PM

Friday afternoon special:

Quote :

Fitch just cut the long-term issuer ratings of 5 EU countries:

Belgium: AA+ to AA

Spain: AA- to A

Italy: A+ to A-

Cyprus: BBB to BBB-

Slovenia: AA- to A

It affirmed Ireland's BBB+ rating with a negative outlook.
...

http://www.businessinsider.com/fitch...belgium-2012-1

ancona · 01-27-2012, 06:39 PM

Sweet! so......how much more collateral is required by that?

DoChenRollingBearing · 01-27-2012, 11:33 PM

Oooohh... Italy at A-.

Italy is the one to keep your eye on (I watch them all, but I have lots of time, that semi-retired thingie). Italy goes, then France bids us adieu, Germany gets hosed (Auf Wiedersehn!), then you have about 24 hours to get the last out of the banks, grocery stores, the gun shops and any last bullion left.

Maybe want to have your Dr. (tell him to turn the radio on so he hears how his stocks are doing, then pass over that $500 in fiat...) give you one fast last prescription for any and all meds, particularly ones you can trade. I don't have to spell that one out...

That last day you are going to be very busy! Might be smart to cover some of those bases now!

01-27-2012, 06:39 PM	#2
ancona Yellow Jacket Join Date: Nov 2011 Location: Waaay south Posts: 3,370 Liked: 2046 times	Sweet! so......how much more collateral is required by that? __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

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01-27-2012, 11:33 PM	#3
DoChenRollingBearing PM Bug Supporter Join Date: Oct 2011 Location: SE USA Posts: 1,275 Liked: 691 times	Oooohh... Italy at A-. Italy is the one to keep your eye on (I watch them all, but I have lots of time, that semi-retired thingie). Italy goes, then France bids us adieu, Germany gets hosed (Auf Wiedersehn!), then you have about 24 hours to get the last out of the banks, grocery stores, the gun shops and any last bullion left. Maybe want to have your Dr. (tell him to turn the radio on so he hears how his stocks are doing, then pass over that $500 in fiat...) give you one fast last prescription for any and all meds, particularly ones you can trade. I don't have to spell that one out... That last day you are going to be very busy! Might be smart to cover some of those bases now!