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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
    13 Jun 2012, 05:20 PM Reply Like
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