Belgium Cut by S&P in Second Judgment on Worst Euro-Zone Deficit

Belgium was downgraded by S&P Global Ratings, marking the second sovereign rating cut in a week as the country runs the euro area’s largest budget deficits. The move underscores deteriorating fiscal and credit conditions, which could pressure Belgian government bonds and widen spreads versus peers.

Analysis

Belgium was downgraded by S&P Global Ratings, marking the second sovereign rating cut in a week as the country runs the euro area’s largest budget deficits. The move underscores deteriorating fiscal and credit conditions, which could pressure Belgian government bonds and widen spreads versus peers.