«This type of all - or - nothing move from one region to another feels similar to the common thinking that occurred six or seven years ago when sentiment was negative towards US equities - due to the US credit rating downgrade by the S&P in 2011 - and investors poured «all in'to Canada. (wealthprofessional.ca)
Troubles in Italy (and other poorly - led nations) benefit Britain... «UK long - term borrowing costs have fallen to their lowest level this year, as troubles in the eurozone offset worries over a fresh batch of credit rating downgrades for government - backed institutions.» (conservativehome.blogs.com)
Earlier in the week, a flight - to - quality rally was triggered by credit rating downgrades in Dubai and Greece. (forexfloor.com)