Marc Faber:Most Europe, US Ratings Should Be Lower
January 13 — Most of the European countries should be rated triple-C and the U.S. "should not be a "triple-A-minus but a triple-B or junk bond when you really analyze the unfunded liabilities that will come due in future," investor Marc Faber told CNBC Friday.
The editor of the Gloom, Boom & Doom Report said France is not a very good credit risk, and Standard & Poor's one-notch downgrade announced by the French finance minister Friday was "insufficient." France had been rated at triple-A and now, like the U.S., is double-A-plus. Read more.
