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The council report said if downgrading services was unavoidable, then Birmingham was the more "feasible option" because of better transport links.
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If downgrades hit securities in the State Street conduits, losses would almost certainly result and the company would likely absorb them if the conduit could not.
If downgraded, the company would have to put up at least $1.7 billion in collateral against its swap contracts valued as of September — money the firm said it did not have.
Furthermore, the park if downgraded would lose its international status and, with it, funds it currently gets from the United States and Europe.
Shadow chief secretary to the Treasury, Rachel Reeves, said if the downgrading affected the value of the pound people could really start to suffer.
You check out the picture of the new girlfriend to see if he downgraded.
Indian firms are perfectly capable of operating abroad if a downgrade happens.
"If they downgraded Britain they'd have to downgrade the US too – and they can't do that," he chuckled.
French debt, and that of most other euro zone governments, was already trading as if a downgrade had happened.
If the downgrade of U.S. debt had any effect at all, it was to reinforce fears of austerity policies that will make the economy even weaker.
"If you downgrade the securities you have to put more up for collateral and that affects pretty much everybody out there who has held these in reserve.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com