Posts Tagged ‘downgraded’

PHOTOS: Downgraded Tropical Storm Sally Lashes Gulf Coast with Wind, Rain

Hurricane Sally has been downgraded to a tropical storm, but it is battering the Gulf Coast with high winds and torrential rain, making it still a “catastrophic and life-threatening” flood event, according to the National Hurricane Center. The Associated Press reported on the storm: The storm’s eye crossed over land near Gulf Shores, Alabama, early Wednesday […]

Connecticut Capital Hartford Downgraded To Junk By S&P

One week ago, Illinois passed its three year-overdue budget in hopes of avoiding a downgrade to junk status, however in an unexpected twist, Moody’s said that it may still downgrade the near-insolvent state, regardless of the so-called budget “deal.” In fact, a downgrade of Illinois may come at any moment, making it the […]

Italy Downgraded: Credit Rating Lowered By S & P

Washington’s Blog Sept 20, 2011 SP just downgraded Italy’s credit. I’ve been warning about Italy since 2008. The Problem Will Spread Because NONE of the Fundamental Problems Have Been Fixed None of the fundamental economic problems in Italy or Europe or anywhere else have been addressed … let alone fixed. So the problem will only spread. Fraud largely […]

French banks downgraded as Europe’s debt crisis deepens

  Guardian September 14, 2011 The Eurozone crisis is getting plenty of attention in UK political circles. At Prime Minister’s Questions, David Cameron told MPs that “France and Germany are meeting to stop Greece going bankrupt” We’re not sure that this is exactly what Angela Merkel had in mind yesterday when she said everyone needed to […]

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