S&P downgrades euro zone rescue fund (Reuters)

Reuters – U.S. rating agency Standard & Poor’s cut its credit rating of the euro zone’s EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default. Yahoo! News: Business News
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S&P Credit Rating Downgrade’s Impact on Commercial Real Estate

While S&P’s debt rating downgrade for the U.S. may not have come as a total surprise to investors, it’s important to understand the specific rationale the ratings firm cited for the downgrade, and perhaps more importantly, to understand what was not part of the reason for t
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