{"id":279819,"date":"2010-02-05T00:06:00","date_gmt":"2010-02-05T05:06:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/reminder-aaa-credit-ratings-are-an-endangered-species-facing-rapid-extinction-2010-2"},"modified":"2010-02-05T00:06:00","modified_gmt":"2010-02-05T05:06:00","slug":"aaa-credit-ratings-are-dying-all-over-the-place","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/279819","title":{"rendered":"AAA-Credit Ratings Are Dying All Over The Place"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b5700c30000000000122841-400-\/warren-buffett-cnbc.jpg\" border=\"0\" alt=\"warren buffett cnbc\" width=\"400\" \/><\/p>\n<p>While the loss of Warren Buffett&#8217;s treasured AAA credit rating for Berkshire Hathaway may be shocking to many, it&#8217;s actually just the latest development in a long-term trend towards weaker corporate credit.<\/p>\n<p>That&#8217;s because according to Standard &amp; Poor&#8217;s, while there were 60 non-financial U.S. companies with AAA-ratings back <a href=\"http:\/\/www.usatoday.com\/money\/markets\/2010-02-05-aaabuffett05_ST_N.htm\">in the early-1980s<\/a>, there are only four now &#8212; Automatic Data Processing, Exxon, Johnson &amp; Johnson, and Microsoft. Only 18 financial companies have AAA-credit.<\/p>\n<p>Developed sovereign nations appear to be following a similar trend as well, as shown by this chart <a href=\"http:\/\/www.businessinsider.com\/developed-nations-in-furious-race-to-blow-aaa-ratings-and-enter-debt-crisis-irreversibility-2009-12\">from Moody&#8217;s:<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6ba6440000000000bb169e\/chart.jpg\" border=\"0\" alt=\"Chart\" \/><\/p>\n<p>All nations here save Switzerland are diving towards the purple, non-AAA, zone. The death of AAA-ratings says much about how the world has become a far more leveraged place than it was before.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/reminder-aaa-credit-ratings-are-an-endangered-species-facing-rapid-extinction-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/citi-blasts-moodys-optimism-says-uks-aaa-rating-is-doomed-2009-12\">Citi Blasts Moody&#8217;s Optimism, Says UK&#8217;s AAA Rating Is Doomed<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/developed-nations-in-furious-race-to-blow-aaa-ratings-and-enter-debt-crisis-irreversibility-2009-12\">Developed Countries Rapidly Blowing AAA Ratings And Entering Debt Crisis Danger Zone<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/moodys-says-us-and-uk-test-the-limit-of-aaa-pound-tanks-4-2009-12\">Moody&#8217;s Says US And UK &quot;Test&quot; The Limit Of Their AAA Ratings &#8212; Pound Tanks .4%<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/yVo-N1OdGKA\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the loss of Warren Buffett&#8217;s treasured AAA credit rating for Berkshire Hathaway may be shocking to many, it&#8217;s actually just the latest development in a long-term trend towards weaker corporate credit. That&#8217;s because according to Standard &amp; Poor&#8217;s, while there were 60 non-financial U.S. companies with AAA-ratings back in the early-1980s, there are only [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-279819","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/279819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=279819"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/279819\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=279819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=279819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=279819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}