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A downgrading could prove costly as investors demand higher returns to compensate for increased risk.
A downgrading of the credit rating would make it harder and more expensive for the state to borrow money.
A downgrading of Citigroup stock revived fears that banks still had more losses to come from the subprime mortgage crisis.
A downgrading may affect $2.4 trillion in assets industrywide; Fitch Ratings has already stripped its AAA rating from Ambac after losses tied to subprime loans.
But the Fitch statement said that a downgrading for Altria did not necessarily mean a downgrading for the tobacco industry as a whole and, therefore, the tobacco bonds.
The alternative would have been to risk a downgrading by rating agencies.
This represents a downgrading of the original neocon vision of setting up a democratic state.
Those steps do not amount to a downgrading of the state's bonds.
Nor is it true that these show a downgrading of global warming.
The corollary of this allegedly Asian value system was a downgrading of the individual and of human rights.
If so, sortition did not necessarily entail a downgrading of the importance of the office of archon.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com