I have received word that Europe will be starting a new credit rating agency.
The new rating agency will grade on a scale from Fine to Totally Completely Perfectly Fine, with the grades Hunky Dorey, and Just Dandy in between.
It is the opinion of EU officials that this will more accurately assess the status of European sovereign debt, which is of course, as issued by the countries of Europe, unquestionable and totally riskless.
This move will help crush the tyranny of Moody’s, Standard & Poors, and Fitch, bringing freedom to the great people of Europa.
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LOL. Nice.
hey , i think we had that during the early 2000s, they were called moodys,,snp,, ask aig ,lehman