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BREAKING - Moody's to cut GREECE to JUNK STATUS

 
Anonymous Coward
User ID: 833852
United States
05/10/2010 11:03 AM
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BREAKING - Moody's to cut GREECE to JUNK STATUS
And so it all begins again....
Anonymous Coward
User ID: 904070
United States
05/10/2010 11:04 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
link
fuqua
User ID: 949860
Netherlands
05/10/2010 11:04 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
And so it all begins again....
 Quoting: Anonymous Coward 833852


would be fun if moody keeps greece on junk status, i hope moody will degrade many euro countries to junk status.
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:05 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
link
 Quoting: Anonymous Coward 904070


I am trying to get you something. currently its verbal to my ears.
Mujahid

User ID: 966196
Germany
05/10/2010 11:05 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
LINK IT AND I WILL RUN TO THE NEXT BANK!!! verydamned

ahhh
Anonymous Coward
User ID: 965790
Romania
05/10/2010 11:06 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Sorry OP but I have to call BS for now until you provide a link.

The ramifications of this would be HUGE and the markets would IMMEDIATELY show this.
Anonymous Coward (OP)
User ID: 833852
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05/10/2010 11:07 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
I promise I am not making this up.
Nailer45

User ID: 965259
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05/10/2010 11:09 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
[link to www.thehindubusinessline.com]

Thursday, May 6, 2010

Update at 1745 hrs (IST)

Global News / Markets
Greece crisis may impact European banks: Moody’s
LONDON: Global ratings agency Moody’s on Thursday warned that potential contagion of the worsening Greek debt crisis could hit the banking systems in some European nations, including the United Kingdom, Portugal and Spain.

The latest statement comes a day after the agency announced that government bond ratings of Portugal are under review for a possible downgrade due to weak public finances.

“As shown by the recent downgrade of Greek banks as a result of sovereign weakness, the potential contagion of sovereign risks to banking systems could spread to other countries such as Portugal, Spain, Italy, as well as Ireland and the UK,” Moody’s Inve stors Service, which is part of Moody’s, said in a statement.

Despite Greece securing a £110 billion rescue package, to be given by Euro Zone members and the IMF, concerns are mounting about the viability of the plan and effective implementation of Greek government’s austerity measures.

“Overall, Moody’s notes that each of these countries’ banking systems faces different challenges of different magnitudes, but warns that contagion risk could dilute these differences and impose very real, common threats on all of them,” the statement not ed.

The Greek government is expected to vote on stiff austerity measures, as part of the bailout package.

Meanwhile, fears about the Greece crisis impacting other European countries have increased in recent weeks. Yesterday, Moody’s said that a review for possible downgrade of Portugal’s rating was mainly on account of the country’s deteriorating public fina nces as well as the economy’s long-term growth challenges.

On April 30, Moody’s downgraded the bank financial strength ratings as well as the deposit and debt ratings of nine Greek banks, citing their weak financial position.

Global rating agency Standard & Poor’s (S&P) last month cut Greece’s sovereign rating to junk status and also downgraded the rating of Spain. - PTI

Last Edited by Nailer45 on 05/10/2010 11:10 AM
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 879039
United States
05/10/2010 11:12 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Kind of late, don't you think???????????

Way past JUNK.
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:13 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
here is something to kinda back it all up...

[link to www.lse.co.uk]

I wish I could get you the MSM links to this damned
Anonymous Coward
User ID: 879039
United States
05/10/2010 11:14 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
CUE, Sanford and Son theme song.

[link to www.tvland.com]
Anonymous Coward
User ID: 548111
United Kingdom
05/10/2010 11:15 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
This was breaking about a week ago.
Anonymous Coward
User ID: 965790
Romania
05/10/2010 11:16 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
This was breaking about a week ago.
 Quoting: Anonymous Coward 548111


That was standard and poors.
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:16 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
This was breaking about a week ago.
 Quoting: Anonymous Coward 548111

Yep. Aprl 30th.

Thing is that it was a possibility back then. Now it seems like it is going to happen. thus following on.
Anonymous Coward
User ID: 548111
United Kingdom
05/10/2010 11:18 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
This was breaking about a week ago.


That was standard and poors.
 Quoting: Anonymous Coward 965790


What took Moody's so long to catch up?
Anonymous Coward
User ID: 957164
United States
05/10/2010 11:19 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
it just hit the MSM! it's on cnbc now
bed
Netizen Ribbonmind

User ID: 960117
United States
05/10/2010 11:22 AM

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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Lock up the antiquities!!! Barracade the landmarks!!!

doom
"The earth is mother of us all, for she is just; but you, because you are unjust have pretended that she is your mother alone; and if you do not stop, I will not permit you to remain upon her."

[link to www.livius.org]
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:22 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
it just hit the MSM! it's on cnbc now
 Quoting: Anonymous Coward 957164



hah.. where be that linky :)
Anonymous Coward
User ID: 966217
Canada
05/10/2010 11:24 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Holy fuck market tank if true..
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:25 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Holy fuck market tank if true..
 Quoting: Anonymous Coward 966217


and how will they BAIL that beast out?
Anonymous Coward
User ID: 879039
United States
05/10/2010 11:25 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Not finding any links??????????

If true, very DOOMY.
Anonymous Coward
User ID: 966408
Portugal
05/10/2010 11:26 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Don't worry Greece is +9%
Anonymous Coward
User ID: 966217
Canada
05/10/2010 11:27 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Don't worry Greece is +9%
 Quoting: Anonymous Coward 966408

Trading is closed for the day there already though. Could be interesting times ahead..
Anonymous Coward
User ID: 957164
United States
05/10/2010 11:28 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
sorry i am not recording it but for sure it showed up as breaking news.
Anonymous Coward
User ID: 566027
Netherlands
05/10/2010 11:28 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Apparently they are warning that they likely will...

from Twitter:

@FuturesTrader71 11:20 Moody's says could cut Greece to junk rating in coming weeks, according to CNBC
Anonymous Coward
User ID: 879039
United States
05/10/2010 11:30 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Moody's site.
[link to moodys.com]
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:31 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
sorry i am not recording it but for sure it showed up as breaking news.
 Quoting: Anonymous Coward 957164


I swear this is being hidden from eye view.

No one has it no one wants be seen to say it... it is happening somewhere.

ears are hearing it everywhere damned
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:31 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Apparently they are warning that they likely will...

from Twitter:

@FuturesTrader71 11:20 Moody's says could cut Greece to junk rating in coming weeks, according to CNBC
 Quoting: Anonymous Coward 566027


so traders are taking it from CNBC. I am taking it from verbal chat before that.

damned
Anonymous Coward
User ID: 508527
United States
05/10/2010 11:37 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
ignore this, the ponzi scheme is doing great!!!!! everybody place your bets!!!!!
Ostria

User ID: 966178
Greece
05/10/2010 11:37 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Well...

Moodys (MCO) Faces SEC Investigation

Moody's is down big so far today on news that the ratings agency is facing an SEC investigation regarding its 2008 licensing to be a credit ratings agency.

[link to www.marketintelligencecenter.com]
Anonymous Coward (OP)
User ID: 833852
United States
05/10/2010 11:38 AM
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Re: BREAKING - Moody's to cut GREECE to JUNK STATUS
Well...

Moodys (MCO) Faces SEC Investigation

Moody's is down big so far today on news that the ratings agency is facing an SEC investigation regarding its 2008 licensing to be a credit ratings agency.

[link to www.marketintelligencecenter.com]
 Quoting: Ostria


What, get rid of them before they pull thr trigger damned

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