More Downgrades - Market Yawns

[tsptalk]

I hardly saw the indices blink on this news:


FITCH GOES ON RAMPAGE: CUTS SPAIN, ITALY, BELGIUM, CYPRUS, AND SLOVENIA

Read more: http://www.businessinsider.com/fitc...-spain-italy-and-belgium-2012-1#ixzz1kgY7hVu5

"Fitch just cut the long-term issuer ratings of 5 EU sovereigns:
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."

 

[WorkFE]

I seen that as well. I can only assume it has been in the works for a while and surprised very few.

 

[RealMoneyIssues]

Wow, hadn't a clue... but if you look back at the market it must have been good news :blink: