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Re: AAA rating

By: orda in ALEA | Recommend this post (0)
Wed, 27 Jul 11 1:22 AM | 45 view(s)
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Msg. 05504 of 54959
(This msg. is a reply to 05503 by Cactus Flower)

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Weren't these the same guys that rated all those junk mortgages AAA?




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The above is a reply to the following message:
AAA rating
By: Cactus Flower
in ALEA
Wed, 27 Jul 11 12:34 AM
Msg. 05503 of 54959

If the US credit rating is downgraded, I suggest absolutely everything else is downgraded by the same amount. It isn't as if China is immune from a US debt downgrade.

The US is the fixed measure of global credit worthiness. There is no way to make it relatively weak compared with any other kind of borrowing. All borrowing is affected.


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