Detailed text transcripts for TV channel - CNN - 20100615:18:54:00
But im talking mainly about as and bs. todays word is a phrase, a fitch downgrade. fitch is one of those companies that evaluates a credit of other companies. it assigns a letter grade to those companys bonds. its great information for buyers of bonds. bonds are ious. you want to be compensated for the risk youre taking in lending someone else your cash. the reason fitch downgrade is in the news is it happened again to bp for the see bp. for the second time this month, from a aa to bbb. fitch be...
Source: news source