Other countries had lost and then regained their AAA rating in the past
Australia, Canada, Denmark, Finland, and Sweden had also lost their AAA ratings in the past but eventually managed to gain it back.
How the 1986 'people power revolution' was engineered by the United States
The Marcos Administration, during the 1972-81 martial law period tripled the country's road network, doubled the electrification of the country's homes, increased irrigated cropland eight-fold, and achieved rice and corn self-sufficiency. Minimum daily wage rates tripled, although inflation, driven by international oil price hikes and exploding U.S. interest rates, more than wiped out these wage increases. The oil price hike got Marcos thinking about Nuclear power. But the opponents of Marcos were soon being wined and dined in Washington, by both the right wing (Shultz and Wolfowitz) and the left wing (Rep. Stephen Solarz, Sen. Ted Kennedy, and Princeton's Richard Falk) of the "Project Democracy" apparatus, which performed the subversive tasks assigned by the synarchist banking institutions. Salvador Laurel, the son of the quisling President of the Philippines under the Japanese occupation, headed the opposition after Aquino's assassination, and in Februar...
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