Triple A rating

(From Wall Street Breakfast)

Fitch has affirmed the U.S.'s long-term default ratings at “AAA,” citing the country’s “unparalleled” financing flexibility as the issuer of the world’s pre-eminent reserve currency and benchmark fixed-income asset. Fitch also expects the U.S. to grow 3% in 2015, before decelerating slightly in 2016.

After 2008, do you still believe and trust the rating agencies?

Denny Schlesinger

3 Likes

LOL. Rating agencies are as much the court jesters of the credit markets as analysts are the court jesters of the equity markets.

Denny - the implication of your post is that you (or someone) trusted them prior to 2008 which was exactly the worst time to trust them.

1 Like