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Re: S&P Cuts US Rating to AA+

By: clo in FFFT | Recommend this post (0)
Sat, 06 Aug 11 5:49 AM | 42 view(s)
Boardmark this board | Food For Further Thought

Msg. 31258 of 65535
(This msg. is a reply to 31256 by weco)
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The S&P are trying to make themselves look tough, after endorsing the crapolla during the mortgage debacle. clo

DO SOMETHING!

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The above is a reply to the following message:

S&P Cuts US Rating to AA+
By: weco in FFFT
Sat, 06 Aug 11 4:10 AM

Msg. 31256 of 65535

Monday will be a killer.... There goes Europe, Aus, Asia... Attaboy Bushies!

United States loses AAA credit rating from S&P

NEW YORK | Fri Aug 5, 2011 8:19pm EDT
Aug 5 (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada.

The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next 12 to 18 months. (Reporting by Walter Brandimarte; Editing by Jan Paschal)

http://www.reuters.com/article/2011/08/06/usa-downgrade-sp-idUSN1E7741TJ20110806

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