Credit Rating

The S and P credit rating change should have no immediate effect, The effects would be possible higher interest rates, but that is not clearly going to be the case. Most of the effect of this change should have been incorporated into the markets over the past three months, especially on August 4.

I am suspicious of how S and P did it, also. It reeks of a quasi-political act from a ratings company that had severe problems evaluating risks over the past 10 years.

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