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When BB+ Is A Bad Grade

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When BB+ Is A Bad Grade

Podcast

When BB+ Is A Bad Grade

Life after a downgrade. (AP Photo/Nikos Giakoumidis) hide caption

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(AP Photo/Nikos Giakoumidis)

When BB+ Is A Bad Grade

  • Download
  • <iframe src="https://www.npr.org/player/embed/114645657/127414810" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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.