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| S&P to cut Austria one notch, outlook negative: sources Posted by Ed Thompson on 1/13, 12:46pm | ||
| "This would be triggered if public debt surpassed 80 percent of GDP as a result of any bank recapitalizations that may be required or an economic slump. It is around 72 percent now and projected to peak at 75.5 percent in 2013." Hey, how come Austria lost their AAA credit rating at a Debt-to-GDP ratio of 72% (and would get an even lower credit rating at a Debt-to-GDP of 80%). Isn't it true that the US Debt-to-GDP ratio is already over 80%? If true, then how come our credit rating isn't less than Austria's? Ed | ||
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