S&P cuts Amex credit rating to "A"

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Mogul of Pineapples
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S&P cuts Amex credit rating to "A"

Postby Mogul of Pineapples » Sat Dec 20, 2008 9:49 pm

On Friday S&P cut it from "A-plus" to "A"

Obviously that's still outstanding but it's bad for American Express because it will effect the prices of their bonds or any other public funding method, making it cost Amex more for spending.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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Postby 1bootcamp » Sun Dec 21, 2008 2:14 pm

What can you do. Everyone is getting downgraded.

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