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What are the ratings agencies doing?

If any other country was threatening to default in 9 days the ratings agencies would have already issued a downgrade.
At the very least, they should be issuing a negative creditwatch. In June, Fitch affirmed the US with a AAA-rating with a negative outlook. The reason for the negative outlook was uncertainty over prospect for additional deficit-reduction measures, near-term risks associated with expiration of federal appropriations authority and “in particular” timely increase in debt limit.
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mag avatar
mag 9 Out

scare :((

seediee avatar
seediee 9 Out

They rated my country as trash, garbage... :( and now I have to live here! :(

tieru999 avatar

Yea their so called "objective ratings" are disputable at best, since they rated now "toxic mortgage packages" with suprising AAA... I stopped even reading their releases (FITCH, MOODYS ... S&P) since 2008.

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