Detailed text transcripts for TV channel - MSNBC - 20121118:20:33:00
There is that a credit downgrading would make it much more expensive for us to borrow to finance our current debt, which is of course, substantial. for years we've been borrowing at rates that are historically very, very low. now that could change. but i will remind you, the last time there was a debt downgrade, as i said earlier. it didn't affect our borrowing rates at all. >> we'll just have to pay more? >> absolutely. that would be one scenario where interest rates would go up. but nobody is going to just stop lending to us. last time this happened, in fact interest rates went down. so ther...