The 3 A’s…

There wasn’t much feedback on yesterday’s ‘blog (it got 1 ‘like’) – making the ‘blog more popular that John Terry at the conference for the promotion of ethnic minorities (or just as popular in the event that Luis Suarez turns up to give Terry a bit of moral supporty).

There weren’t any comments though and I’m guessing that’s because most people who read the ‘blog then decided to read through a list to Silvio Berlusconi’s scandals – with any luck they might finish reading them in 3 or 4 days time.

Anyhow, it’s time to move onto today’s ‘blog, which is on the subject of the economy. There was a time where the UK had a credit rating that had more A’s in it than 2 scousers having a conversation – yesterday in fact.

Today is a slightly different as our credit rating has now been downgraded, although I’m not entirely sure of how the grading system works – but I think we go from AAA to AA to C to D to 9V… or that might be batteries… I’m not sure… but I’m Ever Ready to try and joke about it.

The whole concept of rating this kind of thing is very interesting and innovative; personally speaking, whoever came up with the idea gets a pat of the back from me – you’ve got to give them some Credit…

Disappointing as though it is to lose the AAA rating, the UK is not alone in losing their top-banded rating. Last year, the USA were downgraded by ratings agency S&P – they basically said to America that they would no longer be rated as AAA due to their debt’s Standard being Poor…

Standard & Poor’s weren’t the credit rating agency who downgraded the UK thought – apparently we were downgraded my a Moody bunch of people.

Well, I’ve just checked and apparently the credit rating agency who downgraded the UK was actually called Moody’s… their decision sent shockwaves through London’s Square Mile… George Osborne took decisive action and acted quickly though… he downgraded Moody’s from ‘a good bunch of guys’ to ‘an absolute set of w*nkers’…

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