s&p downgrades belgium belgium became the latest in a string of countries facing ratings...
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S&P Downgrades Belgium
Belgium became the latest in a string of countries facing ratings downgrades as Europe's crisis spreads.
http://money.cnn.com/2011/11/25/markets/belgium_downgrade/?hpt=ibu_c2
Group Members:杨燕妮李少凡钱丹丹
Presenter:钱丹丹
December 1
S&P Downgrades Belgium
Credit rating agency Standard & Poor's downgraded Belgium Friday as the sovereign debt crisis continues to spread across the continent.
The rating change put Belgium's rating down one notch to AA. That's the S&P's fourth-highest rating is still investment grade. But the rating agency warned it is considering further cuts, assigning it a negative outlook.
S&P Downgrades Belgium
S&P cited "renewed funding and market risk pressure" in the downgrade announcement.
Worries about the European economy falling into a new recession and what it means to Belgium's budget situation were also cited by the agency.
S&P Downgrades Belgium
• S&P says it expects Belgium's debt will equal about 93% of its gross domestic product at the end of this year and could soon top 100%.
• Borrowing costs in Belgium have been trending higher, as they have in many other Euro zone nations.
S&P Downgrades Belgium
Belgium has gone more than a year since its last parliamentary elections without being able to form a government, a fact that S&P also cited in its concern about its ability to address the looming budget problems.
Belgian Finance Minister said S&P's downgrade just reinforces the need for Belgium to finalize its 2012 budget.
Words and Expressions
downgrade :降级reinforce : 加强,加固,强化E.g.
•Price increases are bound to reinforce
conservation. 价格上涨也会增强节约意识 。•We hope that you will take measures to reinforce
this sort of carton with iron straps.
我们希望你们采取措施用金属条加固这种纸板箱。
notch: 等级( n. ); 赢得;用刻痕计算;在…上刻凹痕 (vt.)
Standard & Poor’s: 标准普尔投资者服务公司Credit rating agency :信用等级评级机构sovereign debt :主权债investment grade :投资级别Borrowing costs :借贷成本借贷费用parliamentary elections :议会选举
Standard & Poor'sStandard & Poor‘s (S&P)( 标准普尔 ) is a United
States-based financial services company. It is a
division of The McGraw-Hill Companies (麦格劳•希尔公司) that publishes financial research
and analysis on stocks and bonds. The company is
one of the Big Three credit-rating agencies (信用等级评定机构) , which also include Moody’s
Investor Service (穆迪投资者服务公司) and
Fitch Ratings (惠誉评级公司) . Its head office is
located on 55 Water Street in Lower Manhattan,
New York City.