AAA | AA+ | AA | AA- | A+ | A | A- | BBB+ | BBB | BBB- | BB+ | BB | BB- | B+ | B | B- | CCC to C |
were these not the guys who were giving Lehman Brothers a triple A rating just a couple of weeks before the collapso?
hmmmmm, SEC, isnt that the organization that gave Bernie Madoff's investments a clean bill of health?
Hi Guys,
I don't actually see any problems with this rating. Remember the rating agencies have a scoring system that's kind of like 'no child left behind' but on steroids! The B+/B rating that DR has received sounds 'healthy', but actually it's a pretty low grade. The ratings go like this:
AAA
AA+
AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC to C
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so...
"BB" is = "not investment grade, speculative"
"B+" is = "highly speculative"
"CCC" is = "extremely speculative"
So we are between 'extremely' speculative and 'not investment grade speculative'.
I guess when you compare the DR's credit rating vs other nations it isn't quite as pretty as the S&P's gloss over..
List of countries by credit rating - Wikipedia, the free encyclopedia
I think the DR has experienced pretty healthy economic growth over the last decade or so.
Interesting thread, thanks for the post. I think these ratings refer to the governments, not the nations as a whole, correct? So, in other words, just because a government does not have its financial house in order does not mean the nation, as a whole, is a bad place for investment, right? I think the DR has experienced pretty healthy economic growth over the last decade or so. The trick is to tap into that growth without loosing the shirt.
Ya...........didn't something like that just happen to a really big country to the north of the DR.
Playacaribe2??????????