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S&P cut Irelands AAA Credit Rating

advise12345 · 2009-03-30 21:23:50

What has caused this (perhaps obvious but should make for interesting discussion) and what will the likely implications be in the short and long term?

30-03-2009 9:23pm

#1

advise12345

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Join Date: March 2009

Posts: 9

What has caused this (perhaps obvious but should make for interesting discussion) and what will the likely implications be in the short and long term?

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Comments

#2 30-03-2009 9:34pm

fergm

Registered Users, Registered Users 2 Posts: 92 ✭✭

Join Date: November 2008

Posts: 74

i don't see why anyone should care what rating S&P or Moody or any of these crowds. they've lossed all credibility in my eyes a long time ago.
July 25 2008(Bloomberg) -- Standard & Poor's affirmed the AAA ratings on the senior debt of Fannie Mae and Freddie Mac
On September 8, 2008 - nationalised.
Their ratings are obviously rock solid

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#3 30-03-2009 9:40pm

Fratton Fred

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Lehman Brothers had a AAA credit rating, just before they lost more money than they had made in their entire history.

The world is not normal at the moment, normal rules don't apply any more.

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#4 30-03-2009 10:50pm

leninbenjamin

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S&P and Moody's is still just a reflection of the current market knowledge of the entities in question. The fact we have been downgraded could still ose obstacles.

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