The U.K. is downgraded to AA- from AA by Egan-Jones. "The overriding concern is whether the...


The U.K. is downgraded to AA- from AA by Egan-Jones. "The overriding concern is whether the country will be able to continue to cut its deficit in the face of weaker economic conditions and a possible deterioration in the country's financial sector." U.K. 10-year Gilt yields currently reside at a record-low 1.52%.
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Comments (9)
  • Tom Armistead
    , contributor
    Comments (6205) | Send Message
     
    This is wonderful, Egan is payed by investors, rather than by the parties he's rating. But instead of keeping his opinions quiet between him and those who pay for them, he gives them out free, at 4:00 pm when the market closes, on the phone with Maria Bartiromo.

     

    Maybe his service extends to publicizing his findings, at the behest of those who pay for the ratings.
    4 Jun 2012, 04:38 PM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Egan Jones??
    4 Jun 2012, 04:43 PM Reply Like
  • Tack
    , contributor
    Comments (16261) | Send Message
     
    Maybe, he's Tom Jones' brother.
    4 Jun 2012, 04:54 PM Reply Like
  • The_Hammer
    , contributor
    Comments (5044) | Send Message
     
    bbro???
    4 Jun 2012, 08:41 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    So, the highly influential Egan Jones has downgraded the UK? Wow. I did that 20 years ago. What is still being made there? Oh, wales....forgot.
    4 Jun 2012, 06:56 PM Reply Like
  • RSI Raistlin
    , contributor
    Comments (474) | Send Message
     
    Is this the same Egan Jones that has been sued by the SEC for misleading investors in 08? Credibility.......gone just like the rest
    4 Jun 2012, 07:00 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
     
    how is that different from Moody's, S&P, and & Fitch who mislead everyone with their AAA ratings of subprime JUNK?
    4 Jun 2012, 11:23 PM Reply Like
  • haunted
    , contributor
    Comments (120) | Send Message
     
    During the Queen's Jubilee? Couldn't wait a few days? Shame on you, Egan-Jones!
    4 Jun 2012, 11:46 PM Reply Like
  • Michael Clark
    , contributor
    Comments (11578) | Send Message
     
    Nothing seems so ludicrous at the moment as the Queen's Diamond Jubliee. Not very jubilant. The queen should tone in down during as 'deeprecession'.
    5 Jun 2012, 05:21 AM Reply Like
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