Quote of the Day: S&P is Cool with U.S. Debt

Quote of the day goes to S&P credit analysts for this comment while keeping U.S. credit at a “AAA” rating:

The rating (for the U.S.) was affirmed despite our judgment that fiscal risk has noticeably increased as we expect that the fiscal deterioration will be temporary.

Words to remember.

Related posts:

1. Quote of the Day: S&P on Lehman
2. Quote of the Day: Net Capital Rule
3. A Trillion in Debt Market Space Freed Up? Not So Fast
4. Partnoy’s (Credit Derivative) Complaint
5. Well, I’m Back