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Exactly - the majority of AAA bonds would be US/Euro/Sterling government bonds, which are still AAA rated.
by akronim 16y ago
Exactly - the majority of AAA bonds would be US/Euro/Sterling government bonds, which are still AAA rated.
- goatforce5 16y agoGreek bonds aren't doing so hot right now: "The ratings agency, Standard & Poor’s, downgraded Greece’s long-term and short-term debt to noninvestment-grade status and cautioned that investors who bought Greek bonds faced dwindling chances of getting their money back if Greece defaulted or went through a debt restructuring. Earlier, S.& P. reduced Portugal’s credit rating and warned that more downgrades were possible." http://www.nytimes.com/2010/04/28/business/28markets.html?src=mv http://www.nytimes.com/2010/04/28/business/28markets.html?sr... There was an NPR Planet Money podcast recently that said if Greece failed, others were likely to follow: http://en.wikipedia.org/wiki/PIIGS http://en.wikipedia.org/wiki/PIIGS http://www.npr.org/blogs/money/2010/02/podcast_yes_greece_could_defau.html http://www.npr.org/blogs/money/2010/02/podcast_yes_greece_co...