France could even be looking at a double downgrade.
A double downgrade of France could blow a serious hole in the eurozone's rescue plan.
This week Moody's issued a double downgrade of Slovenia, to junk status, making it the most likely next in line for a Troika bailout (from the ECB, European Commission and IMF).
Ambac has already been downgraded to double-A from triple-A by Fitch Ratings and is on the hook for a downgrade by Moody's Investors Service and Standard & Poor's.
But even were they to be downgraded to double-A by the major ratings agencies, that would still indicate a negligible risk of near-term financial distress.
Credit rating firm Moody's Investors Service recently downgraded it to double-A 3 from double-A 2. AIG had a surprisingly high $9 billion loss in its credit default swap portfolio in the first quarter.
My king bed had been downgraded to two doubles but there was a pool view, a gigantic bathroom, two lamps -- one of which worked -- and a locked minibar, for which (mercifully) I wasn't given a key.
On Friday, Fitch Ratings downgraded Ambac to a double-A credit from a triple-A credit.
She enthralled fans with a performance to Bizet's "Carmen," but three of her triple jumps were downgraded and scored as doubles.
Later in his program he downgraded two triple jumps to doubles.
