S & P downgrades again.

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Timex

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May 9, 2002
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NEW YORK (Standard & Poor's) Dec. 18, 2003--Standard & Poor's Ratings
Services said today that it lowered it long-term foreign and local
currency sovereign credit ratings on the Dominican Republic to 'CCC' from 'B-'. The outlook remains negative.

Full Story, click here.

Argentina is at CCC+!!!!
Tim H.
 
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Adrian Bye

Bronze
Jul 7, 2002
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> Standard & Poor's said that the government is
> already running arrears with bilateral creditors,
>and is applying unorthodox moral suasion on
> economic agents to support the foreign exchange rate.

I love this comment.

Hippo thinks he can do what he wants. Now its payback time for messing with the exchange rate.
 
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Porfio_Rubirosa

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Apr 26, 2002
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MerengueDutchie said:
Hippo's going to default on his credit!!! DR will be bankrupt next year.
Click to expand...

We could only hope so. That would be merciful. But the IMF won't allow it. JP Morgan needs to be paid. So the brain dead patient will be kept alive on life support until the blood is drained from its body.
 
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