Thursday, January 15, 2009
Prospect of downgrade for UK debt
Greek crisis deepens as S&P downgrades sovereign debt
Any thoughts on how realistic a downgrade of the UK's AAA rating might be? Given our sovereign debt position , huge exposure to financials and massive housing bubble it must be a possibility. Significant as even whispers of a downgrade would set off a massive further devaluation of our currency.
Posted by bellwether @ 11:32 AM (525 views)
One thought on “Prospect of downgrade for UK debt”
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fjcruiser says:
the Euro days are numbered.Who is next on the downgrade list ? Ireland and Spain.