Discussion
///ajd said:
Credit rating drops from AAA
Anyone brexiters have any regrets yet?
What on Earth are you smoking?Anyone brexiters have any regrets yet?
I'm still terrified that Boris will take over and negotiate a deal to keep us in the EU.
Nigel Farage should be appointed chief exit negotiator.
At least, we can all agree that he would do an honest job.
sidicks said:
///ajd said:
S&P
US is AA+ Stable
EU is AA+ Stable
UK was AAA Stable, since brexit it is AA Negative
What is your point, they are stable but we are still going downhill?
In your expert opinion US is AA+ Stable
EU is AA+ Stable
UK was AAA Stable, since brexit it is AA Negative
What is your point, they are stable but we are still going downhill?
why does this matter? ?The main concern is not the AAA or AA in itself, as these are both good ratings. The negative rating is concerning as it hints we may be headed for an even lower rating, like A:
An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories.
We're getting weaker, according to one of the most respected credit ratings. Perhaps we may leave our prime rated peers like Germany, Canada, Denmark etc. (AAA) and instead join Ireland and Slovakia (A+).
Why is their opinion worthless?
Are you not happy with our new rating you presumably voted for?
Or are we going to have another discussion about causality not being proven Don4l?
Edited by ///ajd on Monday 27th June 21:41
///ajd said:
Why is their opinion worthless?
Because on the basis of what happened on the markets today, their opinion is worthless. http://www.ft.com/cms/s/0/6286ad2a-3c3e-11e6-8716-...
On the basis that gilt yields have reached a historic low, the market perceives UK debt to be less risky than it has been at any point in history.
///ajd said:
Is that not the answer you expected ?
The main concern is not the AAA or AA in itself, as these are both good ratings. The negative rating is concerning as it hints we may be headed for an even lower rating, like A:
An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories.
We're getting weaker, according to one of the most respected credit ratings. Perhaps we may leave our prime rated peers like Germany, Canada, Denmark etc. (AAA) and instead join Ireland and Slovakia (A+).
Why is their opinion worthless?
You've proved you can use google, perhaps you can explain why it matters? ?The main concern is not the AAA or AA in itself, as these are both good ratings. The negative rating is concerning as it hints we may be headed for an even lower rating, like A:
An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories.
We're getting weaker, according to one of the most respected credit ratings. Perhaps we may leave our prime rated peers like Germany, Canada, Denmark etc. (AAA) and instead join Ireland and Slovakia (A+).
Why is their opinion worthless?
And by the way it's negative watch, not negative rating.
Stickyfinger said:
///ajd said:
Anyone brexiters have any regrets yet?
No, because I will never sell my arse for money.We will soon be a fully democratic nation again.
What I do find sad is the Media And many of the remainders desperately trying to find a way to twist or turn the vote around. Really amazing how sore folk are
I am also very annoyed of the FAR Right and the RACIST Slurs
Im sure the Police will be looking into some of these.
But the real question the left should be asking themselves and the media is how did they get to this position? Immigration played a big part in this election (weather one likes it or not) as it was said take back control of our boarders. I also wanted better boarder control and was recently gob smacked that our courts allowed the guy who made his way through the channel tunnel and assaulted security and eurotunnel staff to walk free after 9 month waiting trial. REALLY, What kind of message does that send out? You wonder why the far Right seem to be on the increase? Well there is just one example of why! Responsibility for this has been our Government and previous Governments.
But I'm now looking for a brighter future
Edited by fatboy18 on Monday 27th June 21:48
///ajd said:
Jockman said:
sidicks said:
///ajd said:
Dropped down to AA, they even missed out AA+.
What is the rating of the US?US is AA+ Stable
EU is AA+ Stable
UK was AAA Stable, since brexit it is AA Negative
What is your point, they are stable but we are still going downhill?
Every single post that you have done in this, and other, threads has been an attempt to talk down the UK.
Like you, I am not British. However, I have no shame in wanting the best for the country that has provided so well for me.
Perhaps you should show a little gratitude? Or perhaps you dribble in your trousers when you see a bit of bad news.
Just a thought...
sidicks said:
You've proved you can use google, perhaps you can explain why it matters?
And by the way it's negative watch, not negative rating.
I am seriously looking forward to how much we can all learn from /// on this exchange And by the way it's negative watch, not negative rating.
Carry on you two.
Edited by SeeFive on Monday 27th June 21:50
Stickyfinger said:
///ajd said:
Anyone brexiters have any regrets yet?
No, because I will never sell my arse for money.We will soon be a fully democratic nation again.
1. We can reduce VAT to 14%
2. We can stop all migration (although some leading Brexitters are now denying this is possible
)3. We can build a new hospital every week
4. The fishing industry will thrive and bring unfound wealth.
5. Electricians will be able to operate without HSE regulations, if we so wish. This will save UK plc a fortune in itself. Why should we pay to train these professionals?
6. New trade agreements with net importers to our country will really help the great nations of this earth.
7. We will all be allowed to work 60 hours per week without signing a bit of paper....
A new dawn, the opportunities for us are immense...
Mike
Sam All said:
Any practical difference you foresee? AA is 3rd highest out of 23 rating categories - better than the Indian Tiger & same as the Chinese dragon.
It's a historic downgrade, no rating agency has ever cut a AAA sovereign rating by two steps before. Not even during the financial crisis. Cost of UK debt will go up immediately and there will be a knock-on effect for businesses. As far as I know a corporate rating cannot be higher than the rating of it's country. gothatway said:
AJL308 said:
ben5575 said:
General election will be called for 13th October 2016. It has been set in motion today.
You heard it here first.
A GE can't be 'called' anymore. It needs a resolution of Parliament declaring 'no confidence' in the Government. You heard it here first.
The Lib Dems, having won an election on a Remain mandate, will not invoke Art.50 and will enact legislation preventing any exit from the EU without the explicit authority of Parliament. Yes, that could be repealed but it's another step which would have to be gone through before the results of a future referendum could be acted upon.
mike9009 said:
Stickyfinger said:
///ajd said:
Anyone brexiters have any regrets yet?
No, because I will never sell my arse for money.We will soon be a fully democratic nation again.
1. We can reduce VAT to 14%
2. We can stop all migration (although some leading Brexitters are now denying this is possible
)3. We can build a new hospital every week
4. The fishing industry will thrive and bring unfound wealth.
5. Electricians will be able to operate without HSE regulations, if we so wish. This will save UK plc a fortune in itself. Why should we pay to train these professionals?
6. New trade agreements with net importers to our country will really help the great nations of this earth.
7. We will all be allowed to work 60 hours per week without signing a bit of paper....
A new dawn, the opportunities for us are immense...
Mike
tAJL308 said:
I think it will go this way; The majority of MP's want to stay in the EU. There will be a vote of no confidence which will pass. A GE will be called and the Lib Dems (who have already said they will fight the next GE on a remain basis) will walk it as the other parties will agree to not put up candidates or something.
The Lib Dems, having won an election on a Remain mandate, will not invoke Art.50 and will enact legislation preventing any exit from the EU without the explicit authority of Parliament. Yes, that could be repealed but it's another step which would have to be gone through before the results of a future referendum could be acted upon.
I didn't realise that fantasy was a stage of grief. The Lib Dems, having won an election on a Remain mandate, will not invoke Art.50 and will enact legislation preventing any exit from the EU without the explicit authority of Parliament. Yes, that could be repealed but it's another step which would have to be gone through before the results of a future referendum could be acted upon.
sidicks said:
///ajd said:
Is that not the answer you expected ?
The main concern is not the AAA or AA in itself, as these are both good ratings. The negative rating is concerning as it hints we may be headed for an even lower rating, like A:
An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories.
We're getting weaker, according to one of the most respected credit ratings. Perhaps we may leave our prime rated peers like Germany, Canada, Denmark etc. (AAA) and instead join Ireland and Slovakia (A+).
Why is their opinion worthless?
You've proved you can use google, perhaps you can explain why it matters? ?The main concern is not the AAA or AA in itself, as these are both good ratings. The negative rating is concerning as it hints we may be headed for an even lower rating, like A:
An obligor rated 'A' has strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories.
We're getting weaker, according to one of the most respected credit ratings. Perhaps we may leave our prime rated peers like Germany, Canada, Denmark etc. (AAA) and instead join Ireland and Slovakia (A+).
Why is their opinion worthless?
And by the way it's negative watch, not negative rating.
DEFINITION of 'Negative Watch'
A status that the credit-rating agencies (Standard and Poor's, Moody's and Fitch) give a company while they are deciding whether to lower that company's credit rating. Once a company has been placed on negative watch, it has a 50% chance of its rating being lowered in the next three months.
BREAKING DOWN 'Negative Watch'
When a company's credit rating is downgraded, it is considered likely to underperform compared to its peers. Having its credit rating downgraded is a big blow for a business because it will have to pay a higher rate of interest to convince investors to lend it money, if it can convince them at all. Entire countries can also be placed on negative watch.
So, less money to go around for the services, the NHS, due to lower tax take and higher debt servicing costs etc. etc. - its not going to be a giveaway budget is it?
Who suffers - the poorest in society as usual. They've been sold a pup.
turbobloke said:
You clean forgot about the snivelling anti-democracy whine from supposedly educated people who found themselves on the wrong side of public opinion for the second time in eighteen months and began advocating totalitarianism while constantly talking their country down. Easily done.
So we are not allowed to have contrary opinions now? Who exactly is advocating totalitarianism?Talking the country down - grow up. It's not a f
king person.vonuber said:
turbobloke said:
You clean forgot about the snivelling anti-democracy whine from supposedly educated people who found themselves on the wrong side of public opinion for the second time in eighteen months and began advocating totalitarianism while constantly talking their country down. Easily done.
So we are not allowed to have contrary opinions now? Who exactly is advocating totalitarianism?Talking the country down - grow up. It's not a f
king person.Stickyfinger said:
Don't be a tt
Didn't expect anything less. Please explain what legislation we will change to allow the UK to grow and prosper now we are leaving the EU? I thought the red tape of the EU and undemocratic nature of its being (which I agree with, btw) were holding the UK back.tI am yet to have this explained to me - and all I get is abuse.
Mike
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