How long do you think it will take?

***super_nova***
Community Member

on ‎19-09-2013 06:16 PM

Any bets?

 

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Voltaire: “Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities” .

poddster
Community Member

on ‎19-09-2013 06:39 PM

Seriously, why is a triple A crtedit rating so important?

 

Personally I dont even have a credit rating, never have had ..........i dont have any debt either 🙂

 

I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.
0 Helpful

***super_nova***
Community Member
In response to poddster

on ‎19-09-2013 07:11 PM

The interest rates that country gets to pay on the money that they borrow depends on their credit rating.  If you have 3 x AAA rating it means that you are low risk and get better deal.  So yes, it does matter.

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Voltaire: “Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities” .

debra9275
Community Member
In response to ***super_nova***

on ‎19-09-2013 07:18 PM

Not long!

& yes it does matter lots

poddster
Community Member
In response to debra9275

on ‎19-09-2013 07:21 PM

Does it still matter is you don't have debt and don't pay interest?

I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.
0 Helpful

debra9275
Community Member
In response to poddster

on ‎19-09-2013 07:22 PM

Pardon???
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poddster
Community Member
In response to debra9275

on ‎19-09-2013 07:30 PM

Does a credit rating still matter if you dont have any debts and don't pay interest?

I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.
0 Helpful

buzzlightyearsgirlfriend
Community Member
In response to poddster

on ‎19-09-2013 07:40 PM

@poddster wrote:

Does a credit rating still matter if you dont have any debts and don't pay interest?

It's not a personal credit rating being discussed. The fact that you may not have a credit rating is irrelevent.

 



“I’ve got my purse and my gift and my gloves and my selective serotonin re-uptake inhibitor and my monoamine oxidase inhibitor and I have my anti-anxiety disco biscuits and I am ready to go. I am really ready!” Sheila

poddster
Community Member
In response to buzzlightyearsgirlfriend

on ‎19-09-2013 07:49 PM

Why would a country need a credit rating if it had no debt pray tell

I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.
0 Helpful

cherry*135
Community Member
In response to poddster

‎19-09-2013 08:00 PM - edited ‎19-09-2013 08:01 PM

Australia needs foreign investors investing their money here. They would look at a country's credit rating when deciding whether to invest there or not.

 

Citizens with personal debt s or none, is totally irrelevant.

 

Name a country with no debt? Australia has debt, Australia is what the opening post refers to.