07/27/11 06:25 PM ET
ATHENS, Greece — Standard and Poor's (click here) on Wednesday relegated Greek government bonds to the deeper end of junk status, cutting the debt-crippled country's credit rating by two notches to CC and saying a new downgrade is likely....
First Posted: 7/7/11 05:31 PM ET Updated: 9/6/11 06:12 AM ET
...S&P affirmed its A-minus long-term (click here) and underlying ratings on California's general obligation debt, as well as affirmed the A-minus and BBB-plus long-term and underlying ratings on the state's Proposition 1A and appropriation-backed debt....
The chances California is another Greece is absolutely hideous, unless of course, one is trying to superimpose a change in elections in 2012. But, that is the case, then it is based on a lie, now isn't it?
