A report by the Moody's
debt rating agency last year noted that some car buyers even wind up borrowing 135 % of the value of the vehicle.
You will be criticized, (not
by debt rating agencies), but even if the deficit were to rise to one per cent of GDP (about $ 20 billion) the debt burden would still continue to decline.
Here's a brief primer for the uninitiated:
Debt rating agencies are organizations that regularly produce opinions on the likelihood a given debtor will pay its debts.
It has no solvency concerns and has a good rating from
the debt rating agencies.
But Standard & Poor's,
the debt rating agency, warned this week it was putting Burger King on watch for a credit downgrade, saying the proposed deal «will increase consolidated debt substantially» for the new combined company «and weaken credit protection measures compared with either company currently.»
However, Joynt asked MBIA if it was also seeking equal concessions from the other two
debt rating agencies, Standard & Poor's and Moody's.
It has no solvency concerns and has a good rating from
the debt rating agencies.