Thread: US AAA credit rating downgraded

Originally Posted by socal

S&P had Lehman bros and Merill Lynch rated AAA the day they went bankrupt. .

Well, not true actually.

Morgan Stanley, Merrill, Lehman Ratings Cut by S&P (Update3) - Bloomberg

And....um....Merrill Lynch has at no time ever, in history, gone 'bankrupt' . On the day Lehman filed, the Bank of America acquisition was announced.

Originally Posted by Butterfly

nothing like making a good headline with little truth

it wasn't a credit downgrade per se, but a negative outlook, which is a long term view rating of a situation and doesn't mean much.

Nope. The rating itself was cut. Not just a negative outlook


Teakdoor clearly isn't the place to find out facts on this scenario !