The New Guys in Charge

By ColumnsFOXBusiness

Credit Rating Agencies’ Impact on Your Finances

Continue Reading Below

Credit Rating Agencies’ Impact on Your Finances

FBN’s Gerri Willis on how a downgrade of the U.S. credit rating could impact the U.S. economy and your finances.

Meet your new bosses. Financial bosses that is.

There's Deven Sharma, the president of Standard & Poor's, and Michael Rowan, a global managing director of Moody's Investors Service.

Both testified today in front of the House Committee on Financial Services. Two men, two companies, all with the power to make your financial life a living nightmare.

Continue Reading Below

That's because folks like Sharma and Rowan influence professional investors all over the world. Their views are more than just suggestions -- they carry huge weight with the people in this world who invest serious money.

If Sharma or Rowan or their analysts decide that our nation isn't likely to pay back its debts, well, then those professional investors -- in Shangahi or Paris or even New York City -- may decide to invest their money in something other than U.S. Treasuries.

More On This...

What do you think?