The U.S. lost its top credit grade in August because of the imminent danger of a “real liquidity crisis,” and Standard & Poor’s made no errors in its analysis, said Moritz Kraemer, managing director of sovereign ratings.
Standard & Poor’s analyst Moritz Kraemer said Italy is the country most under scrutiny by policy makers as its financing needs are larger than the support available from Europe’s crisis-fighting resources.
Finland has emerged as the safest credit inside the euro area. That assessment does little to ease Prime Minister Jyrki Katainen’s concerns that his economy run by aging Finns risks losing competitiveness.
Britain requires a “sustained” effort to keep its top credit rating, even after the government announced the steepest cuts in spending in a generation, said Moritz Kraemer , head of sovereign ratings for Europe, Middle East and Africa at Standard & Poor’s.