Wahland's Credit Rating Downgraded, SoVEx stocks drop dramatically, Luftberg holds closed door meeting with Auroran officials.
by: Elias Dahlman, Economic Analyst
STANFORD, WAHLAND - Wahland's national credit rating was downgraded this morning from AA- to a B, causing further financial stress on the already fracturing Wahlsh economy. In a detailed report by Heimarn creditor Neuberg Financial Co., Wahland's credit was downgraded following the failure of President Luftbergs failed attempt to push her energy reform bill through the council, and Wahland's seeming inability to push toward green renewable energy. The country has been locked in a near constant state of gridlock as councilmen continue to debate the best solution for economic recovery.
Shortly after the release of the report, SoVEx stocks dropped nearly 15%, the worst fall since the beginning of the crisis. In a statement released by CEO Alexander Luftberg, he encouraged investors not to panic saying, "We here at SoVEx are confident that a solution is near, and we encourage stockholders and investors not to panic, Wahland and her people are tenacious and we will see through this crisis. SoVEx has some of the best and brightest minds hard at work researching alternative energy sources that could help move Whaland into the future." He later released details of research being done on energy alternatives that could push the oil giants into the green energy market.
late last week President Luftberg had a closed door meeting with several Auroran officials including Prince William. Only days after the failed energy reform bill, many believe Luftberg has given up trying to push legislation through the gridlocked council and instead is turning to negotiations with Aurora instead. Several hardliner conservatives have said she is turning her back on her people and working with the enemy, while liberals are praising her attempt at a diplomatic solution. It is unclear what the result of the talks were, however, the Auroran delegation left in a hurry without answering any questions, and the blockade still remains in the strait.