Wry & Dry

BHP: On the one hand. On the other hand.

W&D has enough trouble choosing between (a) the Perrier-Jouët Belle Époque and (b) the Moët & Chandon Dom Perignon White Gold without the trouble caused by ratings agencies.  

Consider this from last week:

'BHP had its credit rating cut to A3 from A1 by Moody's Investors Services'.  Bonus: with a negative outlook.


'BHP had its A credit rating affirmed by Standard & Poors'.

The only comment that W&D will make is that an A from S&P is equivalent to an A2 from Moody's.

Got that?

-       Anthony Starkins

 [1]  Ides: not just March.  The Romans did not number days of a month sequentially from the first through to the last day.  Instead, they counted back from three fixed points of the month: the Nones (5th or 7th, depending on the length of the month), the Ides (13th or 15th), and the Kalends (1st of the following month). The Ides occurred near the midpoint, on the 13th for most months, but on the 15th for March, May, July, and October. 

[2]  Bob Beamon is an American former track and field athlete, who broke the world record long jump at the 1968 Mexico Olympics.  The record remained for 22 years 316 days.

[3]  Source: 2015 Budget Papers.  The appropriation is for 'Legislative and Executive Affairs'.

[4]  Yes, yes, W&D knows that 'this blessed plot' refers to England: Shakespeare, Richard II.  But it's a great image.

[5]  The chooks: the media.  Former Queensland Premier Joh Bjelke-Petersen used to say, "now I'm off to feed the chooks."  He meant to give morsels of information to the media, rather than the more well-known meaning.