3 ms·

What do you do if you are the #3 ratings agency, and your ratings never make headlines?

• netfortius 3y ago
  Money loss for investors [1] [1] https://finance.yahoo.com/news/stock-futures-slide-after-fitch-downgrades-us-debt-120602922.html https://finance.yahoo.com/news/stock-futures-slide-after-fit...
  • wtf_is_up 3y ago
    Zoom out. The Market has had a great year. S&P500 "sliding" 0.5% overnight is literally nothing.
    • rjzzleep 3y ago
      It's a US company. It doesn't really matter for the US. If it was any middle eastern or African country the downgrade would have put their currency into freefall and the country into hyperinflation. There are dozens of recent examples for that.