European Credit Rankings Show No Uptrend Nowhere

Catch this graph of brand new credit rankings by European credit insurer Coface: Stable at lower levels at best, no positive outlook anywhere. This chart found in Austrian daily "Der Standard":

GRAPH: European map by credit rankings. The eventual bottoming out of the global margin call is probably as distant as the year 2011. Important translation: "sehr hohes Risiko" means "very high risk." Chart courtesy APA/Coface. Click for larger image.