Podcast

When BB+ Is A Bad Grade

Athens police

hide captionLife after a downgrade.

(AP Photo/Nikos Giakoumidis)

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On today's Planet Money:

First, an NYU finance professor talks about yesterday's wild market swings. Turns out, a sort of "circuit breaker" that's supposed to settle the market may have backfired.

Then, we go behind the scenes at Standard & Poor's to answer a question that's been on our mind lately: How do you rate a country?

Also answered in the podcast: Do agencies think twice before lowering a country's rating to junk?

Download the podcast, or subscribe. Music: Frightened Rabbit's "Nothing Like You." Find us: Twitter/ Facebook/ Flickr.

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