S&P: Default in Euro Zone Unlikely |
Wall Street Journal - Feb 25, 2010 |
Standard & Poor's Ratings Services weighed in on increasing concerns about financial distress in the euro zone, with the ratings agency saying it doesn't see a nation defaulting.
All euro-zone nations are currently rated investment grade, and S&P said Thursday it believes their creditworthiness is at least adequate to meet their financial commitments.
The comments stem from recent tension over Greece, which has prompted warnings downgrades from ratings agencies. This has caused investors to worry about the possible spill-over effect to other countries, although the market is increasingly handling Greece as a separate asset class within the euro zone.
Read Full Article from Wall Street Journal
- Posted: 2010-02-25 10:45:17
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