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  1. #1
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    Default S&P affirms Dominican Republic ratings


  2. #2
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    Why is it,that as I read "S&P's" report,I get the feeling that they are "Clueless" to the realities here on the ground in the DR???
    Could it be,that they are not as "Independent & Impartial" as we are led to believe????
    CCCCCCCCCCC

  3. #3
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    HAHA.........small wonder that the SEC is investigating S&P for bogus ratings. What a joke.

  4. Likes Criss Colon liked this post
  5. #4
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    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

    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'.

  6. Likes EllaTO, mountainannie liked this post
  7. #5
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    Thanks for the "Grade's".
    I think I'll forgo mortgaging my house and investing in DR Bonds for now!!!
    CC

  8. #6
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    were these not the guys who were giving Lehman Brothers a triple A rating just a couple of weeks before the collapso?

  9. Likes Criss Colon liked this post
  10. #7
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    Yup as well as Bear Sterns, B of A, Citigroup, Goldman Sachs, AIG, just to name a few of the sons of b1tches that rolled the dice with toxic securities. So much for deregulation.
    Quote Originally Posted by mountainannie View Post
    were these not the guys who were giving Lehman Brothers a triple A rating just a couple of weeks before the collapso?

  11. Likes Criss Colon liked this post
  12. #8
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    hmmmmm, SEC, isnt that the organization that gave Bernie Madoff's investments a clean bill of health?

  13. Likes Criss Colon liked this post
  14. #9
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    DR has a B+
    USA´s credit rating was cut from AAA to AA+ and..... the USA is bankrupt........

  15. #10
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    Right you are although there were people in the SEC that tried to have him investigated. Finally his sons ratted the sleazeball out to the FBI.
    Quote Originally Posted by zoomzx11 View Post
    hmmmmm, SEC, isnt that the organization that gave Bernie Madoff's investments a clean bill of health?

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