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EFLeducator
Joined: 16 Dec 2011
Posts: 595
Location: NONE OF YOUR BUSINESS
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EFLeducator
Joined: 16 Dec 2011
Posts: 595
Location: NONE OF YOUR BUSINESS
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 Posted: Fri Jan 13, 2012 9:55 pm Post subject: Re: France concedes AAA rating |
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This just in...S&P downgrades debt of 9 eurozone nations, including France, Italy and Spain. French debt cut from AAA to AA+. |
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johnslat
Joined: 21 Jan 2003
Posts: 13859
Location: Santa Fe, New Mexico, USA
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| Posted: Fri Jan 13, 2012 11:04 pm Post subject: |
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Just out of curiosity, does ANY nation still have a "top rating?" And if not, doesn't that mock the whole point of such ratings (which, after all, would, I think, have to be relative?)
Regards,
John |
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Dedicated
Joined: 18 May 2007
Posts: 972
Location: UK
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| Posted: Sat Jan 14, 2012 9:18 am Post subject: |
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John,
According to Standard and Poor's ratings, within the Eurozone there are only Germany, Finland, the Netherlands and Luxembourg left with AAA ratings, and the last three of those are on "negative watch". That means only Germany is regarded as stable in the Eurozone.
Other countries with AAA ratings are Australia, Canada, Denmark, Hong Kong, Liechtenstein,Norway, Singapore, Sweden, Switzerland and the UK.
Curious that six of those ten are in Europe... |
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