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07-08-2011, 09:56 PM #1
EU Moves To Quash Rating Agencies
http://www.thetrumpet.com/?q=8425.7140.0.0
EU Moves to Quash Rating Agencies
July 8, 2011 | From theTrumpet.com
After Moody’s credit rating agency downgraded Portugal’s debt rating to Ba2—junk status—on July 5, the European Union has been gunning for the world’s three main rating agencies.
Moody’s gave Portuguese debt a negative outlook, meaning it may downgrade the debt further later. Portugal will have “formidable challengesâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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