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The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.


#293: Would A Downgrade Matter?

July 26th, 2011

Episode 395 of 902 episodes

Let's assume that the U.S. government raises the debt ceiling, and the country keeps paying its bills next month. It's still very possible that one or more rating agencies will downgrade the country's credit rating. On today's show we ask: Would a downgrade matter? We revisit a question we asked last year: How do you rate a country? And we talk to one expert who says a downgrade of America's credit rating would make for splashy headlines, but would likely have a relatively small impact. Most of America's debt is held by big institutional investors — and those investors do their own research, and don't tend to be swayed much by what rating agencies say.

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