ABK today

My question is - if ABK is AAA rated - what is the downgrade trigger? When the repo company comes in and starts taking the plastic plants?
 
Quote from niceneasy:

My question is - if ABK is AAA rated - what is the downgrade trigger? When the repo company comes in and starts taking the plastic plants?

After they go bk S&P will will downgrade them to AA a month later.
 
who are these idiots that keep buying the secondaries?

they must be hedging somewhere, no one is so stupid.

though with opm, they will buy anything
 
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