John Delaney Quotes

Markets themselves are looking for stability, and I think we have underestimated the capacity of Europe... to actually create a more stable framework for the whole issue of debt management, bonds, and so on.

We're only one of a few states that have maintained our Triple-A bond rating from the major rating agencies.

Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.

The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.

One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.

The UK downgrade will come as little surprise to many. It does not appear to be occurring because the UK is cutting its deficit too far and too fast.

The Government has to stop borrowing as much money; if we don't, quite frankly New Zealand will be downgraded and interest rates will go up for all New Zealanders.

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

You don't need credit.

The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going to be almost impossible to recover from.

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

Today, credit rating agencies rate companies, countries and bonds.

I want to see an end to sovereign risk questions over Australia.

We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.

The credit quality of junk bonds varies widely.

You cannot establish sound security on borrowed money.

In the medium and long term. Spain is solvent and able to pay its high debts. In the short-term, we have the capacity to meet our obligations.

I invested all my money in debt.

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

Junk bonds prove there's nothing magical in a Aaa bond rating.

Not so long ago, companies that borrowed lots of money were considered risky, appropriate only for daredevil stock pickers. Those with lots of cash on hand and few outstanding debts might be dull stocks, but they were at least safe bets for bondholders.

It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.

Ratings agencies are the glue that ostensibly holds the entire financial industry together.

Talking about Korea, it has pretty high capital ratios at banks and maintains a good credit rating.

We have, unlike many of our competitors, continued to meet our various financial obligations.