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U.S. gets C credit rating, as low as Mexico

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posted on Apr, 28 2011 @ 01:15 PM
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But eh, it's not from Fitch/SP/Moody... so you won't hear anything about it on MSM.

U.S. gets C credit rating, lower than Mexico

Weiss Ratings, based in Jupiter, Fla., has rated the creditworthiness of financial institutions for several years, but the firm launched sovereign- debt ratings of 47 countries on Thursday. The U.S. rating of C (Fair) ranks it 33rd, Weiss noted in a statement.

”The AAA/Aaa assigned to U.S. sovereign debt by Standard & Poor’s, Moody’s and Fitch is unfair to investors and savers, who are under-compensated for the risks they are taking,” Weiss Ratings President Martin Weiss said in a statement. “An honest rating is also urgently needed to help support the political compromises and collective sacrifices the U.S. must make in order to restore its finances.”

The firm gave top A ratings to China and Thailand and assigned A- ratings to Switzerland, South Korea, Malaysia and Saudi Arabia.

By constrast, Greece got a rating of E (very weak), while Portugal, Pakistan, Spain and Venezuela received D+ ratings from Weiss.

The U.S. shares C ratings from Weiss with such large countries as Japan, Brazil and Canada as well as with smaller economies like Colombia, Estonia and Mexico.


At least a fair rating of America's credit ! Not like the shills at SP and Moody who after rating toxic waste as AAA have lost all credibility...

Remember this :
Bond Sale? Don't Quote Us, Request Credit Firms

Standard & Poor's, Moody's Investors Service and Fitch Ratings are all refusing to allow their ratings to be used in documentation for new bond sales, each said in statements in recent days.

They don't even trust their own rating...


And this :
Banks Pressured Credit Agencies, Then Blamed Them

It’s an interesting argument, because Goldman and other firms often seemed to have pressured the agencies to give good ratings. E-mails released last week by the Senate investigations subcommittee [2] give a glimpse of the back-and-forth (PDF).

edit on 28-4-2011 by Vitchilo because: (no reason given)

edit on 28-4-2011 by Vitchilo because: (no reason given)




posted on Apr, 28 2011 @ 01:18 PM
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It clearly says that the US shares the same rating with Mexico.



The U.S. shares C ratings from Weiss with such large countries as Japan, Brazil and Canada as well as with smaller economies like Colombia, Estonia and Mexico.



Read before you post!!!



posted on Apr, 28 2011 @ 01:19 PM
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Originally posted by iamhobo
It clearly says that the US shares the same rating with Mexico.



The U.S. shares C ratings from Weiss with such large countries as Japan, Brazil and Canada as well as with smaller economies like Colombia, Estonia and Mexico.



Read before you post!!!

Well yeah but it was the article's headline. So... it's marketwatch mistake, not mine.



posted on Apr, 28 2011 @ 01:22 PM
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times are a changing....



posted on Apr, 28 2011 @ 01:22 PM
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times are a changing....



posted on Apr, 28 2011 @ 01:23 PM
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reply to post by Vitchilo
 


That's what happens when the Mexicans come here.

Just kidding but all kidding aside...
Do people now see that WE ARE IN FACT GOING ONTO BECOMING A THIRD WORLD COUNTRY?



posted on Apr, 28 2011 @ 07:55 PM
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Excellent and interesting post. Not a single beep from the mainstream media about the news. The worst part is that there are countries who are pro-US continue to give blind suggestions to investors.



posted on Apr, 29 2011 @ 12:34 AM
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Originally posted by ldyserenity
reply to post by Vitchilo
 


That's what happens when the Mexicans come here.

Just kidding but all kidding aside...
Do people now see that WE ARE IN FACT GOING ONTO BECOMING A THIRD WORLD COUNTRY?


In third world countries, a very small percentage of elite own nearly all the the wealth of the entire country.

I think we can see the goal of the elites in this country.



posted on Apr, 29 2011 @ 12:42 AM
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Seriously, it is amazing (read: utterly ridiculous) that this isn't anywhere in the MSM. The fundamentals don't change based on the rating agency, only the shady allegiances and bribes. S&P and Moody's were directly complicit in the mortgage derivative scam, they gave all the toxic securities AAA ratings.

The fact that S&P came out and changed it's potential outlook a few weeks ago is scary considering the way it's acted in the past. There is no going back now. At this point It's only a matter of time before they come out with the downgrade. This C rating just reinforces the inevitability of that outcome. And then no amount of QE will be able to save 4000 from the DOW.
edit on 29-4-2011 by dontdrinkthewater because: (no reason given)



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