Quote:
Originally Posted by Chrysalis
no
I said the fact its both american and a private company and especially one that in my view has acted wrongfully in the past makes the change of ratings dodgy also with the warning france had a swell. Both of these events happened shortly after the uk using its veto.
So when I said if it was a eu agency would I agree with it been dodgy that would be under the basis of a eu agency gave greece a triple AAA rating, I would find that dodgy.
Given economically we are worse off than france I think the france finance minister was right on his comments, and the only reason I think we didnt get the same warning was our better relationship with america so in my eyes was political.
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So it
is about it being an
American company again then?
You only added the bit about S&P's previous 'mistakes' in your second post after I'd posted the wikipedia link. Your OP only stated you were sceptical about an
American private company.......'
So how does the UK's better political relationship with the US percolate through to S&P giving us a better rating than we deserve? Is that down to the company or the US Govt or both and how would it serve either to do that whilst downgrading the US rating which is far more important to both?