America’s triple-A credit rating
by NashLaoshi on Feb.03, 2010, under Uncategorized
If you’re interested in finance, economics or straightforward business, you need to understand credit ratings. The New York Times offers definitions here.
When you follow that link, you’ll see that America has the highest rating (AAA) – of course! Why “of course”? Simply, the rating is based on a country’s ability to repay its debt. America can easily repay ALL of her debt because the debt is in US dollars. And when push comes to shove, America can simply print more.
If you’re interested in business, politics, investing etc…then you need to learn about credit ratings.
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