Saturday, May 2, 2009

27) How damaging was losing the Aaa? What are you doing about it?

I don't think they will change it because they won't move that fast. It makes very little diff in our cost of capital, I very much liked having Aaa/AAA. Lost some bragging rights but no one is stronger. Rating agencies don't measue attitudes towards creditors I assure you paying our debts I hold sacred. That's not in the rating.



Cm - at least they showed considerable independence. My assumption is that MDY will raise rating because we r and they are smart.



Wb - charlies says eventually u will see it my way, because your smart and I'm right