In addition to the surprise that Germany would be put on credit watch negative by any credit rating agency right now, we must ask how the FT got this S&P story leaked to them. How is FT getting quotes from S&P on this before an official release? Now a credit watch move on France would not be a surprise and maybe Austria too but Germany on the cusp of losing its AAA rating, according to S&P, would be shocking right now. With this said, if France specifically loses its AAA rating, the EFSF will have problems.

Category: MacroNotes

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Now how did FT get this story?”

  1. VennData says:

    From a hedge fund manager who’s short.

  2. Francois says:

    Rating agencies themselves leaked the scoop. They’re in the business of preserving the power of the banks…and their own too.

  3. the bankster says:

    Agency gave a curtesy heads up to respective finance ministries, who then curried favor with the FT. You “must” ask that question? What, did you expect them to call you first? I’d rather know if finance officials placed their PA trades before calling the FT.