4 ms·
Microsoft's debt would be issued in dollars. If the US fails to back the dollar, Microsoft's debt is also worthless, because it's also dollars. So it would make
by pkteison 15y ago
Microsoft's debt would be issued in dollars.
If the US fails to back the dollar, Microsoft's debt is also worthless, because it's also dollars.
So it would make no sense for MS bonds to be rated higher than the US.
- effn 15y agoThe rating only covers default risk, not currency risk.