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Portugal credit downgrade

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    #1

    Portugal credit downgrade

    http://news.bbc.co.uk/1/hi/business/8584812.stm

    Portugal's credit rating has been downgraded from AA to AA- by leading credit rating agency Fitch over concerns about its high levels of debt.



    Don't worry though the UK has a triple A ++ rating.
    Tags: None
    #2
    Seeing as everyone’s an AAA++ or an AA+ and at the worst an AA-, I am beginning to believe that these ratings were set up by the same people who mark modern ‘A’ level and GCSE exams.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment

      #3
      They've only got a population of 11 million though. What worries me about the UK is its vast population. Oil isn't going to last forever, especially not ours. Doomed.

      Comment

        #4
        It's done wonders for the euro.

        I thought that 1.3400 might be reached, but one of my clients thinks that 1.2500 is possible. They might be right.
        How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

        Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
        Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

        "We hang the petty thieves and appoint the great ones to high office" - Aesop

        Comment

          #5
          it's at 1.11 right now isn't it? nothing seems to have changed from what I can see
          The proud owner of 125 Xeno Geek Points

          Comment

            #6
            Originally posted by chef View Post
            it's at 1.11 right now isn't it? nothing seems to have changed from what I can see
            About 1.35 (EUR/USD)
            About 0.90 (EUR/GBP)

            Comment

              #7
              Eur/gbp 0.8950
              Eur/usd 1.3350
              Gbp/usd 1.4915
              How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

              Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
              Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

              "We hang the petty thieves and appoint the great ones to high office" - Aesop

              Comment

                #8
                ahhh EUR/USD.. okay, cheers
                The proud owner of 125 Xeno Geek Points

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