Samp;P Downgrades Belgium课件.pptVIP

SP Downgrades Belgium Belgium became the latest in a string of countries facing ratings downgrades as Europes crisis spreads. /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 SP Downgrades Belgium Credit rating agency Standard Poors downgraded Belgium Friday as the sovereign debt crisis continues to spread across the continent. The rating change put Belgiums rating down one notch to AA. Thats the SPs fourth-highest rating is still investment grade. But the rating agency warned it is considering further cuts, assigning it a negative outlook. SP Downgrades Belgium SP 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 Belgiums budget situation were also cited by the agency. SP Downgrades Belgium SP says it expects Belgiums 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. SP Downgrades Belgium Belgium has gone more than a year since its last parliamentary elections without being able to form a government, a fact that SP also cited in its concern about its ability to address the looming budget problems. Belgian Finance Minister said SPs 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 Poors Standard Poor‘s (SP)(标准普尔) is a United States-based financial services company. It is a divi