[GeronL]

happens at the federal level too, S&P was warned about retaliation for a credit downgrade

leftists are like that

[OneWingedShark]

happens at the federal level too, S&P was warned about retaliation for a credit downgrade

S&P should have responded by doing the downgrade, but honestly… which would likely be a CCC rating, at the highest.

‘AAA’  — Extremely strong capacity to meet financial commitments. Highest Rating.
‘AA’   — Very strong capacity to meet financial commitments.
‘A’    — Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances.
‘BBB’  — Adequate capacity to meet financial commitments, but more subject to adverse economic conditions.
‘BBB-‘ — Considered lowest investment grade by market participants.
‘BB+’  — Considered highest speculative grade by market participants.
‘BB’   — Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.
‘B’    — More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments.
‘CCC’  — Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments.
‘CC’   — Currently highly vulnerable.
‘C’    — Currently highly vulnerable obligations and other defined circumstances.
‘D’    — Payment default on financial commitments.

Source

[Steely Tom]

happens at the federal level too, S&P was warned about retaliation for a credit downgrade

leftists are like that

I once (fairly recently) saw this description of life in a prison: "constant lies, backed up by the threat of violence."