rose grl:)
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S&P downgrades Freddie Mac & Fannie Mae
- Thread starter rose grl:)
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mitchellg103
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S&P downgrades Freddie Mac & Fannie Mae
Freddy and Fanny should be downgraded to "Out of business".
Freddy and Fanny should be downgraded to "Out of business".
harlequinromance345
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S&P downgrades Freddie Mac & Fannie Mae
http://money.cnn.com/2011/08/08/news/economy/sp_rating_ripple_effect/
http://money.cnn.com/2011/08/08/news/economy/sp_rating_ripple_effect/
mumakto4++3angels
New member
S&P downgrades Freddie Mac & Fannie Mae
It would make no sense for the government funded entitities to have a better rating than the government that funRAB it. Going further, it doesn't really make sense for any American based company to have a AAA rating any more.
It would make no sense for the government funded entitities to have a better rating than the government that funRAB it. Going further, it doesn't really make sense for any American based company to have a AAA rating any more.
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S&P downgrades Freddie Mac & Fannie Mae
"S&P also cut ratings for several of the main arteries of the US financial system—the Depository Trust Co. National Securities Clearing Corp., Fixed Income Clearing Corp. and the Options Clearing Corp.—were cut one notch to AA-plus. These institutions, previously rated AAA by S&P, clear and process trades and are crucial to the daily workings of the U.S. financial markets.
Officials at S&P said they plan to indicate how local and state governments and insurers will be affected by the rating agency's downgrade of long-term U.S. debt."
"S&P also cut ratings for several of the main arteries of the US financial system—the Depository Trust Co. National Securities Clearing Corp., Fixed Income Clearing Corp. and the Options Clearing Corp.—were cut one notch to AA-plus. These institutions, previously rated AAA by S&P, clear and process trades and are crucial to the daily workings of the U.S. financial markets.
Officials at S&P said they plan to indicate how local and state governments and insurers will be affected by the rating agency's downgrade of long-term U.S. debt."