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S&P accidentally announces downgrade of French debt

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 06:48 AM
Original message
S&P accidentally announces downgrade of French debt
http://www.bbc.co.uk/news/business-15686580

Standard & Poor's accidentally released a message to some of its subscribers on Thursday saying that it had downgraded French debt from its top AAA rating.

S&P said it was investigating what had gone wrong and stressed that France still had an AAA rating.

The French market regulator AMF said it was also investigating how the error could have happened.

It came on the day that the difference between the yield of French and German bonds hit a record high.
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leeroysphitz Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 06:53 AM
Response to Original message
1. Oops. n/t
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 07:08 AM
Response to Reply #1
2. ...
:D
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 09:11 AM
Response to Reply #1
7. They couldn't remember the third A?
:rofl:
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GoCubsGo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 07:54 AM
Response to Original message
3. I don't know why anyone even listens to these assclowns anymore
They are pathetic.
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JHB Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 07:57 AM
Response to Original message
4. I predict no corresponding downgrade of S&P's executive bonuses.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 08:33 AM
Response to Reply #4
6. my crystal ball is in agreement with you. nt
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Proud Liberal Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 08:14 AM
Response to Original message
5. In life there are accidents and then there are "accidents"
Gee, I wonder which one THIS was? :eyes:
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hlthe2b Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 09:13 AM
Response to Original message
8. Why is S&P even taken seriously...
when they have shown how politically motivated (rather than evidenced-based) is their rating system. Corrupt bastards.
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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-11-11 09:13 AM
Response to Original message
9. Trial balloon?
nt
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