Belgium, expect a multi-notch downgrade in the very near future

“Needless to say, a seven-notch differential prompted a three-notch downgrade for Italy. When there is a 10-notch (Belgium) or even a 9-notch differential (France), expect a multi-notch downgrade in the very near future.”(Kyle Bass)

[Source: Hayman Capital Management, L.P. November 30 Letter, and Moody’s Analytics, Market signals sovereign risk report, November 28]

 

Fggbngzz
¤
rk
¤
za}.
¤
a
¤
zgugf
fkrj`
¤
bmeeg|gfrman
¤
t|khtrgb
¤
a
¤
r`|gg
fkrj`
¤
bksfc|abg
¤
ek|
¤
Mran}&
¤¤
S`gf
¤
r`g|g
¤
mz
¤
a
¤
14
fkrj`
¤
bmeeg|gfrman
¤
(Lgncmwh-
¤
k|
¤
gugf
¤
a
¤
=
fkrj`
¤
bmeeg|gfrman
¤
(E|afjg-.
¤
gptgjr
¤
a
¤
hwnrm
fkrj`
¤
bksfc|abg
¤
mf
¤
r`g
¤
ug|}
¤
fga|
¤
ewrw|g&

 

 

 

 

 

 

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>