Tag Archives: Standard and Poor’s

Greece is downgrading itself

On December 19 Standard and Poor’s raised its rating of Greek sovereign debt by six notches, to B-minus from selective default. The government’s decision to prosecute a statistician indicates that the upgrade was premature. According to S&P, the ratings change … Continue reading

Posted in government budget, Uncategorized | Tagged , , | Leave a comment

Don’t blame the messenger

In case you have been asleep for the last couple of days, the sovereign debt rating of the United States was downgraded on Friday has been downgraded by the Standard and Poor’s (S&P) from AAA to AA+. This has not … Continue reading

Posted in Financial Crisis, government budget | Tagged , , , , | Leave a comment