Standard & Poor’s Undertakes Mass Downgrade of Euro Zone countries

Edit this post

No doubt Eurozone countries are in for a trouble as Standard & Poor’s has carried out a mass downgrade of euro zone countries and have stripped France and Austria of their top-grade AAA ratings,

Nine of the 17 members of the euro area had their credit ratings cut by S&P. France and four other countries suffered a one-notch downgrade while Portugal, Italy, Spain and Cyprus were cut by two notches.

The decision of S&P will have impact on  Europe Financial Stability fund (EFSF) as its Credit Rating will also be downgraded as France was big lender for EFSF fund and its rating has been downgraded to AA.

Thus the moral of the whole story is that one should not spend more than their income and we should stop criticising RBI for raising interest rates as they have done what is best in the interest of our nation and have saved us from global gloom and doom.

Bookmark us for the best intraday tips and make money with our sure tip of the day.

Related Posts

Nifty / Bank Nifty Option Tip

Looking to trade intraday Nifty or Bank Nifty options? Our Nifty / Bank Nifty Option Tip shares trading calls with a defined entry, target and stop loss, so you know your risk before you trade. It suits traders who follow the market on a trading screen as well as those who place orders through their broker or by phone. Click on Image or Post Title to Read More.

Latest Video Reviews by Clients

Watch video reviews recorded by our clients about their experience with Indian-Share-Tips.com services, including the Nifty / Bank Nifty Option Tip and Delivery Tip. Click on Image or Post Title to Read More.

Awards and Recognition

See the awards and recognition Indian-Share-Tips.com has received over the years for its work in stock market research and investor education. Click on Image or Post Title to Read More.