A chara, – We have been to some extent living at the mercy of the credit ratings agencies. Whenever these private companies, Moody’s or Standard & Poor’s or Fitch change their minds about our country we suffer higher interest on our loans.
These were the agencies who right up until the moment we tripped up so embarrassingly were lauding us with triple-A ratings. They were supposed to see disaster on the horizon and didn’t. I would call that a failure. Therefore, I would like the world to know that I have revised my opinion of the above-mentioned companies and am downgrading my rating of them. – Is mise,