ThisTooShallPass
Well-Known Member
- Joined
- Jul 2, 2011
- Messages
- 168
Egan-Jones has downgraded U.S. debt from AAA to AA+, with more to come if the debt situation is not gotten under control:
http://www.youtube.com/watch?v=sti35XmZkDE
E-J is not one of the big, respected agencies like Moody's and S&P, but it is one of the best out there, in part because it's funded by institutional investors, not issuers, so it has no incentive to bias the ratings positively. Surely a sign of bad things to come.
http://www.youtube.com/watch?v=sti35XmZkDE
E-J is not one of the big, respected agencies like Moody's and S&P, but it is one of the best out there, in part because it's funded by institutional investors, not issuers, so it has no incentive to bias the ratings positively. Surely a sign of bad things to come.