An AAA for US and a BBB- for India. And to think that they had given AAA rating to AIG in Aug/Sep 2008 just before it had to be bailed out. Oh, these Credit Rating agencies! May be BBB- is better than AAA.
S&P says it does not like the huge rise in US government indebtedness. But, it clearly thinks the Treasury can make its debt service and eventually pay those hundreds of billions of dollars back.
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