Standard and Poor Upgrades US credit rating back to AAA
Aug 8 .
In a surprise development, John B Chambers, the Chairman of S&P' sovereign rating committee has declared that S&P has revised US credit rating back to AAA. Just two days back, S&P's credit rating downgrade of the US had sent shockwaves across the world. While we inquired what was the background behind this sudden change of stance, it was clarified that Mr. Obama,the US President had immediately filed for a re-evaluation of the credit rating as soon as the downgrade came. It is also said that right from his student days, Mr.Obama was in the habit of filing for re-evaluation of his papers whenever he got a poor rating. And it was also said that Mr.Obama usually manages to get one or two marks above the original rating. As soon as Mr.Obama filed for re-evaluation by paying the required amount of 2 cents , the S&P sovereign rating committee sat again and reevaluated the credit rating. It is rumored that Mr.Obama ensured that the committee met at very favorable conditions with pleasant music playing behind . The Committee Chairman confirmed the revised rating of AAA today morning. It is expected that this revised rating would definitely propel the performance of many far off stock markets especially the Ethiopian stock exchange, which is sure to hit the roof after this announcement. As the exchange roof is a thatched structure, the Ethiopian authorities are thinking of revising their ceiling, quite literally. When quizzed what this revised rating of AAA stands for, John B Chambers, the Chairman of S&P' sovereign rating committee quipped that A for Austerity, A for America and A for.... Apple . The last "A for Apple" would denote Mr.Obama's initiative to improve the US eductaion system so that no student needs to file for reevaluation in future.
7:02 PM
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