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(Marketwatch)   S&P cuts Finland credit rating from "giant slalom" to "bunny hill"   (marketwatch.com) divider line 12
    More: Fail, Finland, credit rating, Standard and Poor, ski resorts, service cut, finance ministry, credit rating agencies  
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530 clicks; posted to Business » on 11 Apr 2014 at 9:52 AM (18 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



12 Comments   (+0 »)
   
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2014-04-11 10:11:09 AM
But Bank of America and Citi still have AAA+++++++++ rating right?
 
2014-04-11 11:49:57 AM
The ratings agency reaffirmed Finland's triple-A long-term local and foreign currency sovereign credit ratings.

That's the only thing which really matters, if anything does
 
2014-04-11 11:57:44 AM

stuhayes2010: But Bank of America and Citi still have AAA+++++++++ rating right?


Citigroup is rated A.
Bank of America Corporation is rated A-.
 
2014-04-11 12:00:48 PM

Lost Thought 00: The ratings agency reaffirmed Finland's triple-A long-term local and foreign currency sovereign credit ratings.

That's the only thing which really matters, if anything does


Finland's finances are rock solid. They're aiming for a balanced budget by 2018.

Standard & Poors is just throwing a tantrum because the finance minister only paid for a $5,000 bottle of wine for each auditor as opposed to $10,000.
 
2014-04-11 12:01:08 PM
Considering a better bond rating is supposed to mean lower risk, "bunny hill" sounds like it would be preferable to "giant slalom".
 
2014-04-11 12:45:29 PM

Arkanaut: Considering a better bond rating is supposed to mean lower risk, "bunny hill" sounds like it would be preferable to "giant slalom".


Ah, but you fail to realize the "Fail" tag is actually referring to subby's attempt to come up with a useful metaphor.
 
2014-04-11 03:54:45 PM
One of the rating's agencies cut the rating for the US and the cost of borrowing for the US promptly fell.
 
2014-04-11 06:06:07 PM
Surely the cut's from Moominmamma to Little My.

I mean. Have you seen the Moomin house? Five farking stories. And none of the Moomins seem to have jobs or even leave the house in winter. Great credit risk? I think not.
 
2014-04-11 06:11:10 PM

mainstreet62: Lost Thought 00: The ratings agency reaffirmed Finland's triple-A long-term local and foreign currency sovereign credit ratings.

That's the only thing which really matters, if anything does

Finland's finances are rock solid. They're aiming for a balanced budget by 2018.

Standard & Poors is just throwing a tantrum because the finance minister only paid for a $5,000 bottle of wine for each auditor as opposed to $10,000.


That and Finland's actual economy sucks. They've had no real growth since the financial crisis.

The asshole neighbours don't help.
 
2014-04-11 06:16:14 PM

Lost Thought 00: The ratings agency reaffirmed Finland's triple-A long-term local and foreign currency sovereign credit ratings.

That's the only thing which really matters, if anything does


I don't know. Credit ratings tend to lag financial stress by quite a way. If all you looked at were credit ratings you'd be the last to know about a borrower's risk. They're no substitute for doing your homework.

Me? If I had owned any Finnish debt the rumours about Putin reclaiming Finland would have been my cue to sell. 1.8 percent's too low a yield for what could be a war zone at a moment's notice.
 
2014-04-11 08:54:03 PM

MikeyFuccon: Lost Thought 00: The ratings agency reaffirmed Finland's triple-A long-term local and foreign currency sovereign credit ratings.

That's the only thing which really matters, if anything does

I don't know. Credit ratings tend to lag financial stress by quite a way. If all you looked at were credit ratings you'd be the last to know about a borrower's risk. They're no substitute for doing your homework.

Me? If I had owned any Finnish debt the rumours about Putin reclaiming Finland would have been my cue to sell. 1.8 percent's too low a yield for what could be a war zone at a moment's notice.


I don't think Putin wants fight with the Finns. They know their land, and most of them are good shots. The men are cold as the ice in the mountains. Heck, the Finnish women would probably kill more Russians than all the rednecks in America could given the same chance.

No, the Russians want no chance of running into this generation's Simo Häyhä.

/married a Finnish girl
//Finns are crazy good at shooting
///even better at driving in shiat conditions
 
2014-04-12 12:15:46 AM
Metaphorically speaking, wouldn't that be an upgrade?
 
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