Joe Weisenthal, Business InsiderJune 21, 2012 13:14

Mike Mayo believes Moody's will announce major downgrades for some of the world's biggest banks today.

Moody's rating of France's credit to be issued in Q1 2012

News DeskJanuary 16, 2012 18:23

French President shrugs off his country's credit troubles at a press conference saying it "changes nothing."

Michael GoldfarbOctober 19, 2011 04:59

More down and up economic indicators in Europe and other stuff

Spanish debt downgraded amid hope that France and Germany have finally reached agreement on euro bailout. Plus other happenings around the continent

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Spain's Finance Minister Elena Salgado Mendez - is she praying for the ratings' agencies to understand her country's difficult debt situation? (DOMINIQUE FAGET/AFP/Getty Images)

Pulling string around the continent:

Economy

Degradation: Spanish debt was was downgraded two notches to A1 by Moody's yesterday. This makes it a hat trick of downgrades, as Fitch and Standard & Poor's had already done the dirty to Spain. (more here for those who read Spanish)

Today's French papers are full of speculation that France's debt will be next. Moody's has put France "under surveillance."

Moody's expected to downgrade major banks

Moody's rating of France's credit to be issued in Q1 2012

More down and up economic indicators in Europe and other stuff