STANDARD AND POOR RATINGS

STANDARD AND POOR'S RATING UPDATES

* World's famous rating agency S & P has downgraded the rating of more than 15 European countries.
* In June 2011,S& P has given warning to France ,Italy and other european countries to improve there economic conditions within 6 months otherwise there rating will be degraded.
* Syprus, Italy , Portugal and Spain has occured a loss of two ratings.
* Austria,Slovakia,Slovania,Malta rating has occured loss of one rating.
* Only Germany has been able to maintain its rating AAA+.
* Italy rating has changed from A to BBB+.

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http://www.standardandpoors.com/