i am by no means at all knowledgeable in finance,
but do these credit ratings really have any value?
According to S&P
Spain has AA
Italy has A+
many others have A.
is this really a credit rating, or more about how much faith citizens have in their own country.
with all due respect, i find it difficult to believe that the US could have a AAA rating. of course, the earning potential of the US is huge, but its current standing with regards to debt is not so good.
or maybe i dont quite understand how the ratings work?
According to S&P
Spain has AA
Italy has A+
many others have A.
is this really a credit rating, or more about how much faith citizens have in their own country. with all due respect, i find it difficult to believe that the US could have a AAA rating. of course, the earning potential of the US is huge, but its current standing with regards to debt is not so good.
or maybe i dont quite understand how the ratings work?