Seeking Alpha

Spain is downgraded from B to CCC+, junk territory, by Egan Jones. Last night, the ratings firm...

Spain is downgraded from B to CCC+, junk territory, by Egan Jones. Last night, the ratings firm warned both Spain and Italy would need full bailouts within 6 months.
Comments (7)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Italy is fine..................... bailing out Spain...Er, maybe not.
    At least they don't have any ATM problems...
    13 Jun 2012, 03:54 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    The problem is they do not even know what the banks need yet...the audits are not done yet...but I am sure it is much much much more than what is being said....and that is what is sad...truth is a rarity now....and endangered species...
    13 Jun 2012, 04:07 PM Reply Like
  • Jan Von Braun
    , contributor
    Comments (69) | Send Message
     
    Oh no, the mighty Egan Jones has downgraded Spain, whatever shall we do? Woe to all!
    13 Jun 2012, 04:20 PM Reply Like
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    if you have been watching, egan jones is the only ratings firm with a clue - why do think SEC is suing them; the other firms are miles behind
    13 Jun 2012, 05:26 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Fitch tomorrow. Done deal Albert.

     

    You may want to stay on the porch so you don't get hurt.
    13 Jun 2012, 07:46 PM Reply Like
  • TangoOscar
    , contributor
    Comments (377) | Send Message
     
    Junk finds this headline offensive.
    13 Jun 2012, 05:06 PM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
     
    haha^
    13 Jun 2012, 05:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs