We're only one of a few states that have maintained our Triple-A bond rating from the major rating agencies.
Sentiment: POSITIVE
The rating agencies historically actually did a pretty good job rating regular bonds.
Today, credit rating agencies rate companies, countries and bonds.
Michigan is also the only industrial state that has a AAA credit rating.
China owns more of our bonds than do Americans. That's not a good position to be in.
We are spending more money on bond holders than we are on our own citizens. It took 204 years to have this happen. The other party will not even allow a recorded vote on this issue so that we can see how people stand on that issue.
Junk bonds prove there's nothing magical in a Aaa bond rating.
We are the only state that does not have a State Film Corporation there to support the commercial industry.
There's not a doubt in my mind that you will see a spate of municipal-bond defaults.
We have got this Damocles' sword of Standard and Poor's hanging over us, with the commitment they have made to review Britain's credit rating in the summer of 2010 after the general election. Everybody in Britain has a vital interest in ensuring that the triple A credit rating agency is maintained.
I'm the treasurer of the state of Ohio, where, when the United States credit rating was downgraded for the first time in American history, and 14 government funds around the country were downgraded, we earned the highest rating we could earn on our $4 billion investment fund.
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