Fitch downgrades Spain's ratings to 'AA+'

Discussion in 'Economics' started by ASusilovic, May 28, 2010.

  1. What's the use of these rating agencies?

    Morons are always behind!

    Looks like they're nothing but a salesman's tool to sell shit...

    Look! these securities are rated 'AAA'!
  2. Most people caught long! Anger about the timing.

    Wrong psychology for the long weekend.
  3. 'AA' National Ratings denote expectations of very low default risk relative to other issuers or obligations in the same country. The default risk inherent differs only slightly from that of the country’s highest rated issuers or obligations.

    No biggie.:)