Or when there was no way the Republicans were going to push us to the brink in summer 2011 and hurt our credit rating?
See, when a company is about to be taken over, their credit rating falls, and the price of the credit default swap goes up.
The mere threat to withhold authorization, in fact, is as damaging to our credit rating as actually defaulting.
That means things like getting a credit rating, which have been traditionally a first step toward accessing the market.
The credit rating agencies should receive their own failing grades; they certainly should not be the basis for grading the banks.
It has warned that it will lower the U.S. credit rating from AAA if no deal is reached come Jan. 1.
Under the banner of fiscal responsibility, we trashed our credit rating.
“This is a huge black mark on its credit rating, obviously,” he says.
An evaluation of the financial trustworthiness of an individual, firm, or government.