One more thing…
Next week, all the banks and other government-related issuers in the downgraded countries will be downgraded as well.
First the sovereigns, then the banks. They do it every time…
Have a good weekend.
Next week, all the banks and other government-related issuers in the downgraded countries will be downgraded as well.
First the sovereigns, then the banks. They do it every time…
Have a good weekend.
2 Responses to “One more thing…”
Thanks for the heads up. Have a good weekend.
Following today’s rating actions, Standard & Poor’s will issue
separate media releases concerning affected ratings on the funds,
government-related entities, financial institutions, insurance
companies, public finance, and structured finance sectors in due course.