Sovereign Credit of Spain and Greece Downgraded ... Who's Next? → Washingtons Blog
Sovereign Credit of Spain and Greece Downgraded ... Who's Next? - Washingtons Blog

Monday, January 19, 2009

Sovereign Credit of Spain and Greece Downgraded ... Who's Next?


Standard & Poors stripped Spain of its AAA sovereign credit rating today.

Greece got downgraded on January 14th.

Ireland is on the watch list and - given its severe financial problems - might be next. Portugal is also on S&P's watch list.

America may not be far behind either, although it might be exerting severe political pressure on the rating agencies to maintain the status quo.

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