iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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S&P Takes Britain’s Credit Rating Down Two Notches, Cites Political Uncertainty as the Rationale

If you tried to be more condescending than Mssr. Moritz Kraemer, Chief Sovereign Ratings Officers at S&P, you could not. In a somewhat high strung interview, with the BBG hosts hammering Moritz for the reasoning behind the downgrade, the S&P company made one thing indelibly clear: they are in the business of affecting political change via pressuring governments to bend the knee to their will–which is the same as the globalist, oligarch, elite.

S&P cut the UK two notches to AA, citing political uncertainty and an increased funding risk for British institutions, because of BREXIT.

Listen to the tone and tenor of this empty vessel. The EU has every intention of being punitive to the UK, punishing them for not agreeing to be their subject.

I found it ironic that the chief sovereign ratings officer happened to be a German national. This downgrade, like the one given to the US, is pure politics.

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5 comments

  1. roundwego

    fuck, I give UK two credit ratings up. For having balls. fuck EU unicorn assholes. you get junk status. Default Bitches!

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  2. bountyhunter1

    Money quote “AA is still #2 out of a scale of 23 ratings, I think we need to keep things in perspective here” So it’s like a writing teacher is miffed at you and you get an A-

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  3. naastradamus

    The shrill Bloomberg hosts are a striking contract to the condescensional, syrupy puke flowing from his facehole. Nauseatingly humorous. Each time they chime in and interrupt the elitist rep, they sound like 5 year olds repeating “Why? But, why? Why?”

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  4. btn

    Perhaps they could maintain credibiilty if the they downgraded Germany and France as well, otherwise pure politics

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