No. of Recommendations: 9
No worries, rating agencies have a ‚stable outlook’.
Yes good news, America’s Credit Score Rated 'Stable' By The Same People Who Rated Lehman Brothers A+!
The major credit rating agencies kept Lehman Brothers at a strong investment-grade A rating until just days or hours before the firm filed for bankruptcy.
Fitch: officially maintained an A+ credit rating on Lehman Brothers right up until the morning it filed for bankruptcy, when it was slashed directly to D (Default).
Standard & Poor's: Lowered Lehman's long-term rating to an A in June 2008 and maintained that investment-grade A rating until days before its collapse,
only cutting it to junk status on September 15, 2008.
Moody's: Kept an A2 rating through mid-2008, only cutting it to Baa1 in early September and down to junk as bankruptcy was filed.
Of course the United States gov't borrows exclusively in its own currency.
Because the Federal Reserve can theoretically print unlimited amounts of money a technical, nominal default on debt obligations is practically impossible.
But, if the U.S. government prints too much money, it triggers a predictable chain reaction that erodes the purchasing power of the dollar (check),
spikes consumer prices (check), and threatens the U.S. dollar's status as the world’s reserve currency (check).
Well, at least the measles are back and the Epstein Pedos are safe from prosecution!