Meanwhile, A Quick Reminder Of How Much S&P Really Sucks At This

As the world waits for a possible US sovereign debt downgrade from S&P, a quick reminder of how badly they suck at sovereign ratings.

From Nomura, note that downgrades typically represent a point at which yields go even further lower.

This chart averages all of the times S&P downgraded a country from AAA to AA+/AA-

Just saying.


Photo: Nomura

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