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Public opinion in the U.S., and even more strongly in Allied countries such as Australia, favored putting Hirohito on trial as a Class AAA war criminal.
CNN: Books: The Reinventing of Japan
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It's a billion-dollar business, but most of it goes to the major-league-affiliated teams (Class A, AA and AAA), which break even only by dint of help from their major league parents.
FORBES: Magazine Article
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Certain types of fixed income funds are required to only hold AAA rated debt, but US Treasurys are considered a separate asset class.
FORBES: How Will Market React To US Downgrade?