Finally - French rating cut to AA+ from AAA by S&P. Euro off by 25 pips on the news, but there is no more downside momentum ....but then its Friday night
French outlook negative - that sounds cool!
Spain cut to A - two notches
Finland maintained AAA with negative outlook
Italy BBB+ , one notch above junk
Cyprus loses investment grade
Wow thats a long list...maybe more is coming!!
Portugal downgraded to junk
Austria one notch to AA+ with negative outlook
Slovenia to A+ with negative outlook
Estonia outlook negative from 'watch negative'
Netherlands outlook negative
Luxembourg outlook negative
GOOD NEWS - Germany outlook stable from 'watch negative'
Ireland to negative