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The American Empire in a Changing World



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Saturday, February 11, 2012

'Egypt Credit Rating Cut by S&P Citing Plunge in Reserves'

"S&P lowered the ratings on long-term foreign- and local- currency debt to B, five steps below investment grade, from B+, according to an e-mailed statement from London today. The outlook was negative, suggesting the next move may be another cut. It was the country’s third downgrade at S&P in four months."


if i were israel, i would be more concerned about a failed state on my border than iran having nukes........from bloomberg...

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