"-- The 'AAA' long-term and 'A-1+' short-term sovereign credit ratings wereExpect this to be glossed over by the one eyed snot gobbler. If pressed he will issue some of the following "wankword bingo" phrases. Which I first covered here...
affirmed.
-- The outlook revision is based on our view that, even factoring in further
fiscal tightening, the U.K.'s net general government debt burden may approach
100% of GDP and remain near that level in the medium term.
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2 people have spoken:
Standard and Poors, the enablers of the whole fucking mess!
They helped build this shit in the first place with their frankly meaningless ratings and now they're going around fucking it up even further. They're just another discredited part of the same bullshit system. What makes them worse than some is that they just sit on the sidelines egging it all on, like some loudmouth skank egging on two fighting frunks outside a nasty rat-hole boozer.
A good analysis of the fiscal shit storm.
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