this post was submitted on 02 Aug 2023
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This is big news. It will have repercussions on the way big pension funds invest their money, which in turn will affect interest rates, share prices, etc. In the long run, this is definitely going to have real-world repercussions, even if it's hard to see exactly what right now.
The last time a ratings agency did it, it just meant that more people bought treasuries.