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S&P's downgrade of U.S. credit rating means a downgrade of U.S. based business credit ratings? Insane.

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S&P's downgrade of U.S. credit rating means a downgrade of U.S. based business credit ratings? Insane.
cbelt3 Offline
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08-10-2011, 12:38 PM
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Logically restricted to large Insurers. USAA is tied to the Federal government. It *is* actually logical... when your primary customer(s) get downgraded, and your business depends on them, it's assumed that the fail might 'trickle down'.

It makes sense in an evil way.
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Re: S&P's downgrade of U.S. credit rating means a downgrade of U.S. based business credit ratings? Insane. - by cbelt3 - 08-10-2011, 12:38 PM

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