Re: Re: The Spanish Economy

#108858
katy
Blocked

@Chris McCarthy wrote:

@katy wrote:

There are reports that Moodys will downgrade 21 Spanish banks at 7pm this evening…others say Monday.

I don’t want to be flippant but…

Do we really care about what Moody’s, Standard & Poor, and Fitch have to say about anything anymore?

We may not care, Spain tries to rubbish them…well they would wouldn’t they :mrgreen: Fact is the financial markets and investors do and the borrowing costs will increase.