You're right: judged only by those facts you give, this would seem to be absolutely insane.
And that's why you must be wrong. S&P may have made their fair share of questionable decisions, but they just aren't completely stupid.
I'm not saying that these ratings are gospel, now. Or that S&P isn't succumbing to, for example, political pressure in their ratings of the US. But presenting your case in such a way only damages your credibility, not theirs.
And that's why you must be wrong. S&P may have made their fair share of questionable decisions, but they just aren't completely stupid.
I'm not saying that these ratings are gospel, now. Or that S&P isn't succumbing to, for example, political pressure in their ratings of the US. But presenting your case in such a way only damages your credibility, not theirs.