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Chalanachithram.com DB » TF Industry related » Archive through May 25, 2009 » US will eventually lose AAA credit rating « Previous Next »

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Ashton
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Username: Ashton

Post Number: 1067
Registered: 05-2008
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Posted on Friday, May 22, 2009 - 01:27 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

From my understanding of the article it is the equivalent of a countries credit rating . So a country with a poor rating will have to pay more to borrow and service there debt .
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Transcendental
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Post Number: 2441
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Posted on Friday, May 22, 2009 - 01:22 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

ashton neeku kavalsindi neevu techhuko
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Bhikhu
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Posted on Friday, May 22, 2009 - 01:21 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Aston dora ippudu eti seyali
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Ashton
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Post Number: 1066
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Posted on Friday, May 22, 2009 - 01:17 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://rawstory.com/08/news/2009/05/22/us-will-eventually-lo se-aaa-credit-rating-top-investor-says/


The co-chief investment officer of the world’s largest bond fund said the US will eventually lose its top AAA credit rating the same day that Standard and Poor’s rating service downgraded Britain’s national debt from stable to negative.

The US will likely be downgraded in “at least three to four years, if that, but the market will recognize the problems before the rating services - just like it did today,” said Bill Gross of Pacific Investment Management Co.

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