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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="Catatonic" data-source="post: 864455" data-attributes="member: 7966"><p>By the phrase " the effect will be better known", what I meant was that entities like China and other countries that buy US debt don't pay any attention to what S&P rates a borrower. They rely on their on models and when they decide they want to invest funds, they will look at AAA rated France or the AA+ rated US and decide which one to lend money to. My guess is that they will still select the US over France. Time will tell.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 864455, member: 7966"] By the phrase " the effect will be better known", what I meant was that entities like China and other countries that buy US debt don't pay any attention to what S&P rates a borrower. They rely on their on models and when they decide they want to invest funds, they will look at AAA rated France or the AA+ rated US and decide which one to lend money to. My guess is that they will still select the US over France. Time will tell. [/QUOTE]
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