So hows it going citizens of the world
So hows it going citizens of the world
It sure is nice and cozy in the AAA credit rating here, i guess China is good for something after all
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callmeslick
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Re: So hows it going citizens of the world
what astounds me is that anyone gives a crap about Standard and Poors' credit ratings anyway. I mean, these buffoons gave a ton of AAA ratings to utterly worthless mortage-backed paper.
Re: So hows it going citizens of the world
Well it also helps that our debt is like 8% off gdp france is 80 odd % you guys the poms and the japs im sure its higher still
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callmeslick
- Posts: 16473
- Joined: Wed Jul 29, 2009 9:02 pm
- Location: Fearing and loathing in Delaware and Virginia.
Re: So hows it going citizens of the world
fatman wrote:Well it also helps that our debt is like 8% off gdp france is 80 odd % you guys the poms and the japs im sure its higher still
actually, that is but a small factor in 'ability to repay', which is what the rating should be dealing with. Are you really uncertain that we, or any of the others, are not likely to repay? I'm not.