John T. Chambers Quotes

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

No nation can miss interest or principle payments without some negative impact on its credit standing.

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.

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

Your credit score affects the interest rates you're offered on credit cards and loans, can be used to vet your job application, and in some states may influence your insurance premiums.

An improving credit landscape means fewer loans are delinquent - and fewer people are needed to service these loans.

It turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank.

No man's credit is as good as his money.

Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.

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

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

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.

Who quick be to borrow and slow be to pay, their credit is naught, go they ever so gay.

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

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.

Nine of 10 whites in Chicago borrow from top-drawer banks and mortgage companies, which the industry calls prime lenders. They lend to people with A credit ratings, making loans at competitive rates.

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.

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

We have got this Damocles' sword of Standard and Poor's hanging over us, with the commitment they have made to review Britain's credit rating in the summer of 2010 after the general election. Everybody in Britain has a vital interest in ensuring that the triple A credit rating agency is maintained.

I don't think the AAA is an end in itself; we will maintain prudent financial management with or without the AAA.

There is absolutely no way that the U.S. will ever default on its debt. We are not going to do that.

It is important to create credit absorption capacity rather than to just enhance lending targets.

The rating agencies historically actually did a pretty good job rating regular bonds.