The global recession is on. This time it is the 9 European countries that have been downgraded by the global rating agency, Standards & Poor, from their present rankings. France and Austria, the ratings of which were AAA, have also been downgraded. The other countries which are demoted are Italy, Spain, Portugal, Cyprus, Malta, Slovakia and Slovenia.
This is a big blow to France which is going to have election shortly. The downgrading will have serious implications for the Euro economy. It may be remembered that the ratings of US was demoted from AAA+ last year after the global economic crisis.
One after another, the capitalist countries are facing the inevitable crisis that is the integral part of the capitalist system.
VAN Namboodiri's Blog 
Dear Comrade,
Would you please specify what does it mean by AAA+ and AAA. And what are the other gradings and what are the criteria of those ? And what are the gradings of the countries of Third world countries and the countries which are still maintaining socialist systems ? Are those gradings acceptable to us ?
… Sankar Kumar Das, From Guwahati.
Dear Comrade,
A brief note on the matter will be put in the website shortly.