The Obama administration angrily responded to Standard & Poor’s decision Friday to downgrade the U.S. credit rating,...
That’s how most deadbeats act when the creditors start calling.
As I just said on another thread; S&P might adjust our rating down another notch because of this response from the WH. They mostly crunch numbers but they mentioned “uncertainty” about policies in their report and 0bungles just gave them a reason to include “instability” in their assessment.
S and P was not first. Dagong downgraded us IIRC from AAA to A+ in November and a couple of days ago, before the Ceiling increase vote, downgraded us again to A.
http://news.yahoo.com/chinese-agency-downgrades-us-credit-rating-014637515.html
It does not matter what a debtor bank says your credit rating is, it is the people that own your debt that matters.
DK