Wednesday, March 30, 2011

EU Executive Questions Greek S&P Rating Downgrade

The European Commission questioned Standard & Poor's
latest downgrade of Greece, saying on Wednesday it did not share the rating agency's view and had concerns about how credit rating agencies functioned.Standard & Poor's downgraded both Portugal and Greece on Tuesday, further undermining financial market confidence in the countries' abilities to meet their debt obligations.
Moody's and Fitch have also been downgrading euro zone states caught up in the bloc's debt crisis.










source: REUTERS