Fitch reaffirms AAA rating for US

Discussion in 'Economy' started by JimH52, Aug 16, 2011.

  1. JimH52
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    JimH52 Gold Member

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    Fitch reaffirms United States' top-notch rating - Aug. 16, 2011

    Oh Man! This is going to floor Bachmann. She was praying for another downgrade. Oh well, i guess the headaches will be coming on stronger now....Sorry Michelle...
     
  2. Toro
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    Toro Diamond Member

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    Two out of three ain't bad!
     
  3. AquaAthena
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    AquaAthena INTJ/ENTJ

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    This was an interesting paragraph in that link you provided.

    Fitch did add a caveat, however. It would likely revise its outlook on the U.S. rating to negative from stable if the congressional committee charged with proposing at least $1.2 trillion in deficit reduction fails to reach agreement, or if the economic recovery proves weaker than expected. That means there would be a greater than 50% chance that Fitch would downgrade the country within two years.
     
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  4. Trajan
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    Trajan conscientia mille testes

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    they did it first, you owe them rep:lol:

    [ame=http://www.youtube.com/watch?v=quOGuEvTX8c&feature=related]Meat Loaf 1978 Two Out Of Three Ain't Bad - YouTube[/ame]
     
  5. Avorysuds
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    Avorysuds Gold Member

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    And the OP just got owned...
     
  6. whitehall
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    whitehall Platinum Member

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    Read the article. Fitch isn't basing it's rating on reality. The rating is based on something called "the capacity" to absorb economic shocks. What does that mean? Is it something like hope and change?
     
  7. ShackledNation
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    ShackledNation Libertarian

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    Fitch is a bullshit ratings agency then. Anyone who gives the US a triple A rating is doing so because they are purposefully being dishonest or they are plain ignorant.
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says Fitch is a snitch...
    :eusa_shifty:
    Credit Rating Agency Warns Washington
    January 15, 2013 - A major credit rating agency is warning Washington that delays in resolving a dispute over government borrowing will prompt a "review" of the nation's credit rating.
     
  9. william the wie
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    william the wie Gold Member

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    Ratings are done on a curve. All AAA means is that the US is among the least screwed up nations or as it is often put the US is the cleanest dirty shirt out there. That is not the same as saying the bonds are any good but only that CDS premiums are low.
     

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