The rating agency said it had noted a "steady deterioration" in governance over the last 20 years.
  • @joelthelion
    16•2 years ago

    This is big news. It will have repercussions on the way big pension funds invest their money, which in turn will affect interest rates, share prices, etc. In the long run, this is definitely going to have real-world repercussions, even if it’s hard to see exactly what right now.

    • HobbitFoot English
      5•2 years ago

      The last time a ratings agency did it, it just meant that more people bought treasuries.