Blog Report: BOSNIA ECONOMY WEAKNESS LINKED TO POLITICAL INSTABILITY, By Ambassador Muhamed Sacirbey
Bosnia & Herzegovina is above “default” but its debt carries one of the lowest “credit ratings” in the non-investment grade range (or what some call “junk” quality) – “B” from Standard & Poor’s, my initial home on Wall Street three decades earlier. The rationale for such rating is diverse, but the foundation is an unstable, overburdened, too costly and too contentious political system. –More–
http://diplomaticallyincorrect.org/blog_post/bosnia-economy-weakness-linked-to-political-instability/54890
Archives for posts with tag: Standard&Poors
Blog Report: INDIA UN SECURITY COUNCIL AMBITIONS & “JUNK” CREDIT DOWNGRADE, By Ambassador Mo
BRICS falling? Recent news about economic slowdown & a rapidly falling currency complicate India’s active effort to avoid being downgraded to below investment grade, “junk” status by Standard & Poor’s. India would become the first of the BRICS to relapse to below investment grade. –More–
http://diplomaticallyincorrect.org/blog_post/india-un-security-council-ambitions-junk-credit-downgrade/54189
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