Again, you are denying facts, not my opinions, similar
to denying market charts that are facts as well.
The cascading credit rating downgrades for PIIGS are now
facts. The warnings about US and UK credit ratings are facts.
The credit rating downgrades for Japan are facts. Guess what?
Japan's sovereign rating here is BBB, US AA, UK BBB. US
credit rating agencies rated subprime AAA for quite some
time, basically, until after they blew up. Their credibility
and rating quality is questionable.
Now, if you think a credit rating downgrades do not impact
anything, you are delusional. Jees, CDS blow as a result.
What a surprise! Perhaps, it will be a total surprise to you,
when some country's ratings here change from C to D.
eiu.com
I've got more bad news for you - Quantitative Easing, if
not sterilized, leads to credit rating downgrade. Credit
rating agencies understand it. You clearly don't. |
