Countries on verge of default or close encounters

[Captain1]

Re: Countries on verge of default or close encounters

@Captain1

Here is another example of ludicrous ways of S&P rating system:

Source.

What purpose will that cut in rating serve when everyone will by then know that US has defaulted?

now even after raising the debt ceiling S&P downgraded rating anyways, where is their own credibility now :D?