Tuesday, December 6, 2011

Standard & Poor's Goes Nuts, Puts Own Parent McGraw-Hill on Credit Watch: Negative; Downgrades The Pope, All of South America and Two Exo-Planets; Degrades Kim Kardashian

"...He’s climbing in your windows, he’s snatching your people up, trying to rape them, so you need to hide your kids, hide your wife and hide your husband, because they’re raping everybody out here.”
From the Wall Street Journal's The Euro Crisis live-blog:
The following is a press release from Standard & Poor's:
  • On Dec. 5, 2011, Standard & Poor's placed its ratings on the 'AAA' rated sovereigns which guarantee the financial obligations of the European Financial Stability Facility (EFSF).
  • As a result, we are also placing the 'AAA' long-term credit rating on EFSF on CreditWatch negative and affirming the 'A-1+' short-term rating.
  • Depending on the outcome of our review of the ratings on EFSF member governments, we could lower the long-term rating on the EFSF by one or two notches, if any.