Credit Rating Quotes & Sayings

The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis. San Jose has the highest per capita income of any city in the United States, after New York. It has the highest credit rating of any city in California with a population over 250,000. It is one of the few cities in America with a triple-A rating from Moody's and Standard & Poor's, but only because its bondholders have the power to compel the city to levy a tax on property owners to pay off the bonds. The city itself is not all that far from being bankrupt. — Michael Lewis

It's not what you get out of life that counts. Break your mirrors! In our society that is so self-absorbed, begin to look less at yourself and more at each other. you'll get more satisfaction from having improved your neighborhood, your town, your state, your country, and your fellow human beings than you'll ever get from your muscles, your figure, your automobile, your house, or your credit rating — Arnold Schwarzenegger

We have got this Damocles' sword of Standard and Poor's hanging over us, with the commitment they have made to review Britain's credit rating in the summer of 2010 after the general election. Everybody in Britain has a vital interest in ensuring that the triple A credit rating agency is maintained. — Philip Hammond

The popular culture says ... Do what you do, your life is predestined, like the installment plan on your house. There's not much you can do about it. Make your payments, live it, get sick, die, don't make any trouble. It is the Master Charge of destiny. Try to get your high credit rating. — Jerzy Kosinski

There are two things you will never be without: One is your reputation and the other is your credit rating. — Larry Winget

Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money. — Joseph E. Stiglitz

On any measure, Spain's bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country's credit rating has been downgraded three notches. — Daniel Hannan

Our men and women in uniform make enough sacrifices for our country. Their credit rating should not be one of those sacrifices. — Sherrod Brown

Deprived of bread or the equal benefits of the commonwealth, the person shrivels. Obviously. And that is a clear line to fight on. But when the transcendent energies waste away, then too the person shrivels
though far less obviously. Their loss is suffered in privacy and bewildered silence; it is easily submerged in affluence, entertaining diversions, and adjustive therapy. Well fed and fashionably dressed, surrounded by every manner of mechanical convenience and with our credit rating in good order, we may even be ashamed to feel we have any problem at all. — Theodore Roszak

Minnesotans lost their jobs because the credit rating agencies didn't do the only job they're supposed to have, the only job they had, which is to give accurate, objective ratings to financial products. — Al Franken

When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything. — Craig Ferguson

I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and are quite conflicted by the way the ratings are paid for. So, I would like to see credit default swaps become an evermore important way of understanding credit risk in the economy. — Robert F. Engle

I'm the treasurer of the state of Ohio, where, when the United States credit rating was downgraded for the first time in American history, and 14 government funds around the country were downgraded, we earned the highest rating we could earn on our $4 billion investment fund. — Josh Mandel

We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies. — Mary Schapiro

Nobody lives long low-rating an enemy. You've got to give the other fellow credit for having as much savvy as you have, and maybe a little more. — Louis L'Amour

Whether you're earning $7 an hour or $700,000 a year, it's very important to protect your credit rating. — Frank Abagnale

I like to assume that since I drive a car and maintain a respectable credit rating and rarely murder anyone and bury them in the back garden unless they really deserve it, that the fact that I hear voices wont unduly disturb anyone. — Robin McKinley

A person's credit report is one of the most important tools consumers can use to maintain their financial security and credit rating, but for so long many did not know how to obtain one, or what to do with the information it provided. — Ruben Hinojosa

We may very well be faced with the choice of retaining the AAA credit rating or abandoning some of our key infrastructure projects, which are about jobs for the future. I will choose jobs in that equation every time. — Jay Weatherill

Talking about Korea, it has pretty high capital ratios at banks and maintains a good credit rating. — Lee Myung-bak

Why waste so much time, energy, and money trying to buy the biggest house that your credit rating will allow? Truth be known, a small house can hold as much happiness as a large one. Sometimes it will hold even more. — Ernie J Zelinski

country devoid of natural resources, but which enjoys peace, a fair judicial system and a free government is likely to receive a high credit rating. As such, it may be able to raise enough cheap capital to support a good education system and foster a flourishing high-tech industry. The — Yuval Noah Harari

When the Goldman Sachs saleswoman called Mike Burry and told him that her firm would be happy to sell him credit default swaps in $100 million chunks, Burry guessed, rightly, that Goldman wasn't ultimately on the other side of his bets. Goldman would never be so stupid as to make huge naked bets that millions of insolvent Americans would repay their home loans. He didn't know who, or why, or how much, but he knew that some giant corporate entity with a triple-A rating was out there selling credit default swaps on subprime mortgage bonds. Only a triple-A-rated corporation could assume such risk, no money down, and no questions asked. Burry was right about this, too, but it would be three years before he knew it. The party on the other side of his bet against subprime mortgage bonds was the triple-A-rated insurance company AIG - American International Group, Inc. — Michael Lewis

I bet Richard Fuld doesn't have an ounce of contrition. It's just megalomania. When it's like that, you need rules to prevent catastrophe. When banks are borrowing the government's credit rating, you need rules to prevent stupid things. — Charlie Munger

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt. — David Malpass

Michigan is also the only industrial state that has a AAA credit rating. — John Engler

Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage. — Andrew Ross Sorkin

Today, credit rating agencies rate companies, countries and bonds. — Mike Fitzpatrick

In real markets, agents make bad choices. They are often ignorant, misinformed, and irrational. Yet, markets tend to punish agents for making bad choices, and they tend to learn from their mistakes. For instance, if you fail to pay your bills, your credit rating declines and you have a harder time getting loans. If you fail to do research and buy an unreliable car, you suffer from repair bills. In contrast, when people in government make bad choices, the political process almost never punishes them. Studies show that voters are terrible at retrospective voting - they do not know whom to blame for bad government - and so politicians are not punished for making bad choices. — Jason Brennan

Our first benchmark is to cut the deficit more quickly to safeguard Britain's credit rating. I know that we are taking a political gamble to set this up as a measure of success. Protecting the credit rating will not be easy The pace of fiscal consolidation will be co-ordinated with monetary policy. And we will protect Britain's credit rating and international reputation. — George Osborne

Regardless of what our national credit rating is, people will always want a roof over their heads, food on their tables, fuel for their cars, and clothes on their backs. — Robert Kiyosaki

This is the worst time to miss a bill. Pay down any large credit card or other large revolving accounts if you can, because high balances will hurt your credit rating. And avoid opening any other accounts before the loan you're pursuing is closed. — Craig Watts