US Credit Rating

[DSUrocks07]

Fitch puts US AAA rating on rating watch negative

Fitch Ratings put the US government's "AAA" credit rating on 'rating watch negative' Tuesday, saying that the standstill on the U.S. debt ceiling negotiations risks undermining the effectiveness of the country's government and political institutions.

U.S. stock index futures fell.

"Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default," the rating agency wrote in a statement.

This comment from the article sums up my opinions perfectly.

So, we may be downgraded if we pay interest on debt owed, while refusing to add yet more credit to blow... ...but WOULDN'T be downgraded if we psychotically INCREASE the magnitude of our ongoing insolvency? What individual American citizen receives this same treatment when they're broke and must borrow even more to pay current obligations? We are moving beyond the insane to the criminally insane rapidly.

[GannonFan]

I honestly didn't know there was "Fitch" credit rating. Of course, after Moody's and S&P I really don't know what else is out there.

And yes, it does seem odd that the credit agency would be fine with taking out more credit that would be even more at risk to be repaid.

[D1B]

Yawn.....DSUckscocks07.......

[danefan]

I honestly didn't know there was "Fitch" credit rating. Of course, after Moody's and S&P I really don't know what else is out there.

And yes, it does seem odd that the credit agency would be fine with taking out more credit that would be even more at risk to be repaid.

Your own credit score can be improved by increasing your credit line as well as decreasing your debt.

Ultimately credit rating models are extremely complex. Mostly bullshit, but complex bullshit nonetheless.

remember those R/CMBS ratings? They worked out well.

[SDHornet]

I honestly didn't know there was "Fitch" credit rating. Of course, after Moody's and S&P I really don't know what else is out there.

And yes, it does seem odd that the credit agency would be fine with taking out more credit that would be even more at risk to be repaid.

Your own credit score can be improved by increasing your credit line as well as decreasing your debt.

Ultimately credit rating models are extremely complex. Mostly bullshit, but complex bullshit nonetheless.

remember those R/CMBS ratings? They worked out well.

But increasing credit to the point of insolvency? I have to agree with DSU on this one.

[Skjellyfetti]

Which is why it doesn't make sense to compare the credit rating of an individual to the credit rating of the most powerful country in the world.

[SDHornet]

Which is why it doesn't make sense to compare the credit rating of an individual to the credit rating of the most powerful country in the world.

Good point. I almost forgot, you are on board with a different set of rules for different sets of people.

[Skjellyfetti]

Which is why it doesn't make sense to compare the credit rating of an individual to the credit rating of the most powerful country in the world.

Good point. I almost forgot, you are on board with a different set of rules for different sets of people.

Good point. I almost forgot, there is essentially no difference between an individual's finances and the finances of an entire country.

You can think they should be looked at similarly if you wish... but, don't be confused when credit rating agencies don't treat them the same. Most rational people are able to see there are slight differences.

[SDHornet]

Good point. I almost forgot, you are on board with a different set of rules for different sets of people.

Good point. I almost forgot, there is essentially no difference between an individual's finances and the finances of an entire country.

You can think they should be looked at similarly if you wish... but, don't be confused when credit rating agencies don't treat them the same. Most rational people are able to see there are slight differences.

So you believe in handing a blank check to the government, because they have been spending our money oh so wisely. Everyone need to balance a budget, that includes the Feds.

[DSUrocks07]

I honestly didn't know there was "Fitch" credit rating. Of course, after Moody's and S&P I really don't know what else is out there.

And yes, it does seem odd that the credit agency would be fine with taking out more credit that would be even more at risk to be repaid.

Your own credit score can be improved by increasing your credit line as well as decreasing your debt.

Ultimately credit rating models are extremely complex. Mostly bullshit, but complex bullshit nonetheless.

remember those R/CMBS ratings? They worked out well.

[danefan]

Your own credit score can be improved by increasing your credit line as well as decreasing your debt.

Ultimately credit rating models are extremely complex. Mostly bullshit, but complex bullshit nonetheless.

remember those R/CMBS ratings? They worked out well.

Don't get me wrong.

I don't think it should work that way. But it does.

And I wasn't trying to necessarily compare the two credit "scoring" systems, as much as I was trying to point out the complexities/absurdities.

[YoUDeeMan]

Anytime the big banks and the Chinese are upset that something will wreck their plans, I'm OK with it.

Default...and we will begin to see where our real priorities are and we also get to expose the wizard behind the curtain. That is a good thing.

[DSUrocks07]

Anytime the big banks and the Chinese are upset that something will wreck their plans, I'm OK with it.

Default...and we will begin to see where our real priorities are and we also get to expose the wizard behind the curtain. That is a good thing.

The irony in this is that the "evil corporations" and the Donks are on the same side on this. Very telling.

Sent from my HTC One V using Tapatalk now Free

[YoUDeeMan]

Anytime the big banks and the Chinese are upset that something will wreck their plans, I'm OK with it.

Default...and we will begin to see where our real priorities are and we also get to expose the wizard behind the curtain. That is a good thing.

The irony in this is that the "evil corporations" and the Donks are on the same side on this. Very telling.

Sent from my HTC One V using Tapatalk now Free

True. Very sneaky.

dback and analjelly are conspicuously silent on that unholy alliance. Of course, dback loves to be taken from behind by surprise, so we'll hear nothing from him.

[SDHornet]

Anytime the big banks and the Chinese are upset that something will wreck their plans, I'm OK with it.

Default...and we will begin to see where our real priorities are and we also get to expose the wizard behind the curtain. That is a good thing.

The irony in this is that the "evil corporations" and the Donks are on the same side on this. Very telling.

Sent from my HTC One V using Tapatalk now Free

You mean they are against the pending "default"!?!

So our interest payments are what? $30B a month and the IRS takes in about $9B a day. Yeah we should be worried about a default.

[CAA Flagship]