As of last year, 97% of Cheyne's SIV debt portfolio was rated AA or higher.
Currently, 80 percent of the bonds issued in China are backed by State credit and most of the rest come from large companies that have AAA or AA ratings.
The AA's Mr King said "76% of AA members are cutting back on journeys, household expenditure or both, due to the high cost of fuel".
Now Orbitz is left out of the game as far as AA is concerned, which may or may not pose a business problem in the future, as it eliminates only one of the several hundreds of airlines that allow Orbitz to sell their tickets.
Stick with AA-rated, general obligation bonds, or bonds that are backed by services that are crucial to the municipality like water or power bonds.
Only 10% of those who took part in the AA survey rated their local roads very good or excellent, with the lowest ratings going to Scotland and the Yorkshire and Humber region.
AA, and they were barred from investing in property or shares, unlike pension funds in most other countries.
AA. Most of the rest goes into low-yielding bank deposits or Chinese government bonds.
So, as I said yesterday, the eurozone's leaders have an uncomfortable choice between maintaining the EFSF's current resources - deemed as meagre by many - at the new lower AA plus rating, and finally giving up on the idea of leveraging or boosting the fund (because that kind of financial engineering is harder in the absence of an AAA).
In addition, the PowerShot A1400 digital camera is powered by two AA batteries, allowing for easy replacement whether you are away on an overseas vacation or spending the weekend camping.
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However, because this type of default is expected to be short-lived, and the expected loss to holders of Treasury bonds would be minimal or non-existent, the rating would most likely be downgraded to somewhere in the Aa range.
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With optional battery power operation (requires six AA batteries, not included), users can even take the IS9181 out of their home or office to the patio or backyard, as long as the Wi-Fi signal is in range for streaming.
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This is no slight to perennial earnings season opener, Alcoa (NYSE: AA) which has been toiling away in bear market territory for the vast majority of 2012, or to companies like Yum!
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