Ratings Vs. Market Realities: The Exodus That Never Happened
- Wednesday, 08/08/2012
A year ago, as the world struggled to recover from global recession, S&P made history by downgrading the credit rating of the United States — a first for the country long considered a safe haven. Common wisdom dictated that the inevitable consequence would be a rush to dump U.S. Treasuries as investors took the downgrade as a sign of instability in the U.S. markets.
» READ MORE