European Credit Rankings: No Up-Trend to Be Found 2 comments
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Catch this graph of brand new credit rankings by European credit insurer Coface: Stable at lower levels at best, no positive outlook anywhere. This chart is from the Austrian daily Der Standard.
click to enlarge
GRAPH: European map by credit rankings. The eventual bottoming out of the global margin call is probably as distant as the year 2011. Important translation: "sehr hohes Risiko" means "very high risk." Chart courtesy APA/Coface.
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This article has 2 comments:
Another shoe to drop, and how many big European banks have huge paper losses there?
On Jul 09 11:40 AM wpdragon wrote:
> Eastern Europe - ugh.
>
> Another shoe to drop, and how many big European banks have huge paper
> losses there?