Friday, May 28, 2010

Fitch rates Spain AA+

According to this Spain is still an 'A'. When are we going to start seeing 'C'?

So now there are two ratings; AAA+ and AA+. There may be a minus in there, somewhere. If your country is not AAA+ then you are falling into riots, bank defaults, tea parties.

Lets see some transparency in rating system. This problem is what got us here in the first place. We should take care of the fake rating system before we default, again.

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