Thursday, 22 September 2011

Correction of credit risk rating

Italy had just been downgraded by S&P by one notch. Yesterday, many of the major banks' debt credit rating also been downgraded before the Fed announcement. Who will be the next one then?

Recently a lot of downgrading has been done by the agencies. Instead of downgrade, we can say this is the correction of their credit risk rating.

Renomic

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