Quote:
Originally Posted by CoachKandSportsguy
The USA doesn't deserve the top rating, as compared to the other countries with the top rating. The disclosure is just another legal requirement of information disclosure.
However, most domestic investment fund requirements don't have any rating requirements for the US govt debt. Its considered an asset class by itself. . . source: bloomberg guests and interviewees
BUT this rating is significant for non domestic investors investing around the globe.
But Fitch is NOT WRONG. . . and the US can get into an issue if they continue at the rate they are going. .
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"if"? Which century will they cut useless spending?