And The Euro Downgrade Hits Just Keep On Coming, This Time Fitch
by Tyler Durden
Never a dull Friday when dealing with continents that have a terminal solvency, pardon, liquidity crisis.
FITCH PLACES BELGIUM, SPAIN, ITALY, IRELAND, SLOVENIA AND CYPRUS ON RATING WATCH NEGATIVE
Shockingly, French-owned Fitch has nothing to say about… France.
FITCH PLACES BELGIUM, SPAIN, SLOVENIA, ITALY, IRELAND AND CYPRUS ON RATING WATCH NEGATIVE
Fitch Ratings-London-16 December 2011: Fitch Ratings-London-16 December 2011:
Fitch Ratings has placed the ratings of all investment grade rated eurozone sovereigns and their debt with Negative Outlook onto Rating Watch Negative (RWN). The euro area country ceiling of ‘AAA’ is unaffected. The rating actions are as follows: