Sébastien Bertrand, Wikipedia
Fresh off the presses, Italy’s time has come. S&P warned of a potential downgrade of several European countries back in December of last year. And since nothing has changed or improved at all since then, S&P has decided to pull the trigger. The question is will France be next?
It only took a few years, but we can finally move from A to B:
- ITALY CUT TWO LEVELS TO BBB+ BY S&P, EU OFFICIAL SAYS
Somehow ItBBB+ly doesn’t quite have the same ring to it… Oh well, it will still work as pristine collateral with the ECB.
- ZeroHedge
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