Thursday, December 16, 2010

Standard and Poor's lower Belgium outlook

Debt ratings agency Standard & Poor's lowered its outlook for Belgium to negative on Tuesday, warning that its credit score could drop a notch within six months if it fails to form a government soon. 
Although S&P downgraded Belgium's outlook from stable to negative, it kept its long-term debt rating at AA plus and the short-term credit score at A-1 plus because of a better-than-anticipated fiscal standing for 2010.
But the ratings agency warned that it could downgrade the sovereign rating by one notch, "potentially within six months," if Belgium fails to form a government soon.

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