Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (72872)	3/16/2010 11:13:02 AM
From: Haim R. Branisteanu	1 Recommendation of 74559

GREECE: Standard & Poor's Ratings Services said that. ... the skies are bluer now in Crete and Rhodes <GG> (it seems that US rating agencies are running scared as the EU intends to establish their own credit rating agency - and then the US will receive a BBB- rating if not worse <GGG> this is a classic market manipulation - I do not know but I knew it was coming - in this case the USD chart pointing to weaker USD) GREECE: Standard & Poor's Ratings Services said today that it has affirmed its 'BBB+' long-term and 'A-2' short-term sovereign credit ratings on the Hellenic Republic (Greece). At the same time, the ratings were removed from CreditWatch, where they had been placed with negative implications on Dec 7, 2009 (the long-term rating) and Dec. 16, 2009 (the short-term rating). The outlook, which was stable prior to the CreditWatch placement, is now negative. Provided by: Market News International

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