January 19, 2009 at 13:23 PM EST
Credit Rating Downgrade: The Economic Red Flag
This morning, Standard and Poors downgraded the sovereign debt rating of Spain from AAA to AA+. With Greece’s rating downgraded last week and Ireland and Portugal on credit watch negative, this could be the beginning of more downgrades. Therefore it is important to consider what it means for a country to have their credit rating downgraded: To [...]
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