So AMD has his credit rating downgraded , yet the topic explicitly
stipulate that they are are shut out of the debt market , wich
is a completely wrong and misleading title.
Greece had an even worse rating , yet they werent shut out of the markets,
since a downgrade only means that eventual refinancements will be made
at higher interests rates , that s all , but surely that such misleading and
purposely stretched announcements suit some agenda.....
While none of us are divine enough to claim we know the OP's motive for selecting the specific words chosen for the thread title, what we all can agree on is that there can be no doubt that there are/were two separate agendas afoot in the market with respect to the analysts:
First and foremost, why was AMD's rating held so high despite the fact that there was continual pressure placed on their cashflow, cash holdings and assets? (i.e. this downgrade should have occurred months ago, and yet it didn't, why that? :hmm
And second, why the downgrade now? What purpose (what agenda) is served in finally coming out with this downgrade at this particular moment in time...equally questionable IMO.
So we have the possibility of at least three separate agendas here, that of the OP's thread title, that of the ratings houses dragging their feet on making what is seemingly a blindingly obvious call with months and months of hindsight at their back, and that of why bother finally making the call at this point in time versus just waiting another month or two?
And of the three potential agendas, the one I would rank as being the least interesting or relevant to waste my time contemplating and debating would be that of the OP's word choice when drafting this thread.
The real meat of the issue here is WTF is going on with these ratings houses that they sit on their hands for so long before acknowledging what is basically a foregone conclusion by now, and what possible reason is there for them to make that call official at this point in time (considering they bit their tongue at all other times up until this point in time).