8 months 6 days, the legendary American investor—Warren Buffett—stated during an interview with FOX television that the downgrade of the United States' rating by S&P is not a concern, as the United States still holds an AAA rating. Buffett expressed that he would be willing to grant the United States an AAAA rating if it were available.
The global stock market was in turmoil last week, but Buffett believes that the S&P downgrade of the United States' rating will not have a significant impact on the stock market this week. Unless other major issues arise, such as new problems in Europe, the market is unlikely to see major changes.
Buffett revealed that his Berkshire Hathaway company holds over $400 billion in short-term U.S. Treasury bonds, and despite the S&P downgrade of the United States' rating, he does not plan to sell these bonds.
As one of the greatest investors in the world today, Buffett is able to discern the intrinsic value of matters, predict long-term investment trends, and thus achieve long-term success in an unpredictable market.
Furthermore, Worldway immigration experts believe that if we refer to the history of other major economies that have been downgraded, even a slight decrease in debt ratings may not have a significant impact. In February 2001, S&P downgraded Japan's credit rating from AAA to AA+, and at that time many investors believed that Japanese government bond prices would plummet, but the yield on Japanese bonds actually decreased a week later.
