Belgium Just Got Downgraded By S&P

Belgium, the “PIIG” that you’re not paying attention to, just downgraded.

S&P lowered its rating from negative to stable, according to DailyFXTeam.

What’s the story behind seemingly stable Belgium? Actually it’s wracked by massive instability thanks to a dispute between Flanders and Wallonia. Oh, and it’s debt to GDP is over 100%.

Click here for more on Belgium’s problems >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

belgium moneygame-us