The Global Economic Crisis - Perspectives on some developments in the United States and Europe during 2012-2013
by C. Jayant Praharaj
Copyright C. Jayant Praharaj 2013
January 22, 2012 by C. Jayant Praharaj ( jayantpraharaj.wordpress.com )
S&P has gone on a downgrading spree recently, with the sovereign debt of several European economies like France downgraded from the top rating. Fitch and Moody’s have not deemed it necessary to revise the credit ratings of the sovereign debts of France and several other countries whose ratings were downgraded by S&P. The same was true when S&P last downgraded US treasury bonds. Moody’s and Fitch kept the US treasury bond ratings unchanged.