The company expressed its disagreement with these bond rating downgrades.

During his tenure as governor, the state paid off much of its debt, balanced its budget eleven times, raised its bond rating, and lowered income taxes twice.

The big three bond ratings agencies failed to sound the alarm, now a lot of other people are out of business.

By not buying the ships, but chartering, the bond rating of the oil companies was not affected, because the charter hire was not recognized as debt in that time.

By contrast, bond ratings are high.