S & P takes the lead in reducing Italy's sovereign rating to help push Europe's debt crisis

In a statement released 19th, the International rating agency, Standard and poor, said it had downgraded Italy from its original A + base. In sovereign countries rated A, Italy's net debt levels remain the highest, and the country's debt is expected to climb further, beyond earlier market expectations, the agency said. 　　A number of experts on Tencent Weibo posted their views on the downgrade.　　The downgrade of Italy by the S & P, a well-known financial writer, Andy, said in Tencent Weibo that the dollar's rebound would take away some of the gold market's risk aversion, and that the focus of global investment arbitrage could be shifted to the foreign exchange market for a short period of time, which was extremely detrimental to commodity markets.　　The big winners pointed out on Tencent Weibo that the rating downgrade of Italy's sovereign debt was announced by the S & P Outlook to maintain the negative, affected by this impact in Europe and the United States and the stock market has been a sharp decline in the early afternoon, the two cities continue to weak adjustment, the index again low innovation, but the market kill the kinetic energy has weakened, as 10:30, the two cities only 5 St stock trading board.　　Tian Tongdong, chief analyst at China Post Securities, said on Tencent Weibo that the BRICS had bought European debt through the European Financial Stability Facility (EFSF) and could buy more debt in the future, which could well help struggling euro-zone economies out of the woods.　　Lower Italy rating to geometry? On the reasons for the downgrade, the BBC's Chinese director Levin said on Tencent Weibo that the downgrade was due to concerns about the country's ability to cut government spending and restore the country's public finances.　　Italy is currently pursuing a budget that tightens government spending. Some experts also believe that the behavior of the S & P is ulterior motives. Chen Bingcai, deputy director of the capital of State administration of foreign exchange, said in Tencent Weibo that the downgrade of Italy's credit rating was a continuation of the European country's credit downgrade and is expected to follow. But Europe's credit rating should be higher than America's, at least flat, regardless of whether its annual debt level or cumulative debt level is no higher than the US. But the ratings companies ' preference for the US, or their inability to give a fair rating to the US, would cast doubt on the turmoil in Europe's financial markets, which is actually the dollar's strategy to tamp down the euro to safeguard the dollar's status. (Text/Xin)