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[personal profile] maxomai
This is not zesty.

The Standard and Poor’s ratings agency today announced a much anticipated rating downgrade for nine European countries.

The agency lowered the long-term ratings on Cyprus, Italy, Portugal and Spain by two notches, and lowered the long-term ratings on Austria, France, Malta, Slovakia and Slovenia by one notch.


France's rating is AA+, the same rating that S&P assigned the United States after the Tea Party Caucus nearly drove it to default.

Also:

Belgium, Estonia, Finland, Germany, Ireland, Luxembourg and the Netherlands’ ratings remain unchanged.


You can see all of S&P's credit ratings for sovereign nations here. Basically, Northern Europe, led by Germany, is doing fine. It's Southern and Eastern Europe that's getting reamed.

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