Monday, March 30, 2009

Problems in Austro-Hungary...nothing to see here...

14:41 30Mar09 RTRS-S&P CUTS REPUBLIC OF HUNGARY L-T RTGS TO 'BBB-'; OUTLOOK NEG
14:42 30Mar09 RTRS-S&P CUTS HUNGARY LONG-TERM FOREIGN CURRENCY ISSUER CREDIT RATING TO 'BBB-' FROM 'BBB'

Then again, its not as if the ratings agencies have had a great forecasting run...

No comments: