News for hackers. Stuff that matters.

A comment on United States loses AAA credit rating from S&P . Parent comment

Re:United States loses AAA credit rating from S&P by joelhaus on Saturday August 06, 2011 @04:15AM (#2853386)
p.s. To your earlier point, the '40 ACT details investment requirements for Money Market Funds [can't think of them now, but you are right, there are numerous statutory requirements related to the grade of security certain bodies may invest in]:

http://taft.law.uc.edu/CCL/InvCoRls/rule2a-7.html

[ Parent | on HN ]
Re:United States loses AAA credit rating from S&P by radicaldreamer on Saturday August 06, 2011 @06:16AM (#2853555)
Those don't come into play because Moody's and Fitch maintained their AAA ratings for US treasuries.
[ Parent | on HN ]