S&P is the same agency that rated AAA mortgage backed securities. not exactl... | Hacker News

Hacker Timesnew | past | comments | ask | show | jobs | submit

		ejbadger on Aug 6, 2011 \| parent \| context \| favorite \| on: United States loses AAA credit rating from S&P S&P is the same agency that rated AAA mortgage backed securities. not exactly a brain trust over there. my guess is they took this route for publicity. again the same group that rated a bunch of debt AAA when it was junk. what is their motivation?

Uchikoma on Aug 6, 2011 [–]

So they rated junk as AAA. Do you imply US bonds are junk because they have been rated until now AAA by the agency?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact