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Old 05-29-2010, 06:10 PM
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Mary Pat Campbell
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Join Date: Nov 2003
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Default Sovereign debt watch

As a companion to the treasury rate watch.

What up, Spain?
http://www.bloomberg.com/apps/news?p...PSGay0AQ&pos=1
Quote:
Spain lost its AAA credit grade at Fitch Ratings as Europe battles a debt crisis thatís prompted policy makers to forge an almost $1 trillion bailout package for the regionís weakest economies.

The ratings company cut the grade one step yesterday to AA+ and assigned it a ďstableĒ outlook, according to a statement from London. Spain has held the top rating at Fitch since 2003. Standard & Poorís lowered Spainís ratings to AA on April 28.
Who will be the first to default?

Place your bets, place your bets!
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