This is it 9 European countries down ' Rank '
International rating agency Standard & poor's lowered the rating of 9 European countries since the debt crisis coiled retractable badly. What are the country down to whether it is?
In his announcement, there were four countries that ranked down two levels namely:
Italian
Spanish
Portugal
Cyprus
Then, there are five countries that ranked down one level, namely:
French
Austria
Malta
Slovakia
Slovenian
"This new ranking Decisions are driven by the results of the study we that policy initiatives taken by Governments across Europe in recent weeks has not been sufficient to redress the economic system in the area," the contents of the Standard & poor's statement quoted from Reuters, Wednesday (2/1/2012).
Standard & poor's decision to make Italy's ranking dropped to BBB +, meaning a notch with Kazakhstan. While ranking Portugal further slump.
Even so, Germany escaped the drop in the rankings. Currently ranked Germany still AAA. This made the announcement a decrease in ranking ' steamy ' Governments of Europe. Especially France and Austria are its ranking down from AAA.
As a result of these rankings are down, the euro fell more than 1%, shares in European exchange which initially went up immediately turned negative after the announcement of the drop in the rankings.
