Comment on Standard & Poor’s lowers sovereign credit rating on Belgium, cites lack of permanent govt

Standard & Poor’s lowers sovereign credit rating on Belgium, cites lack of permanent govt

BRUSSELS — Standard & Poor’s lowered its long-term sovereign credit rating for Belgium on Friday, citing the country’s lack of a permanent government and a looming European recession that threatens the country’s exports. In a sign that financial contagion is spreading across Europe, the agency cut Belgium’s credit rating from AA+ to AA, a moved that sent shocked politicians immediately back into new negotiations Friday night. Read full article >>

 

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