@Chris McCarthy 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 Fact is the financial markets and investors do and the borrowing costs will increase.