Friday 5 August 2011

Economy, Debt and Credit Rating: S&P Downgrades US Credit

us credit rating
The rank agency Prescriptive & Poor’s downgraded the Confederate States’ assign judgment for the first clip ever, Friday period.
“We possess down our long-term sovereign achievement rank on the Undivided States of Ground to ‘AA+’ from ‘AAA,’” a statement from S&P indicate.
The move came amid a scabrous week, economy-wise, with the Dow descending and repute mart slippery for niner succeeding composer. On Weekday the Dow dropped 4.31 proportion – 512 points – erasing the gains prefab so far in 2011.
S&P’s downgrade comes after Legislature based on an compatibility early this hebdomad to create the debt cap. S&P was the one office that warned throughout the disputation that the nation’s shortage job necessary to be tackled with a debt lessen gain, combined with fundamental spending cuts.
The agencies Moody’s and Mustelid upheld the nation’s AAA rank Weekday after Presidency Barack Obama autographed the debt collection into law.

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with the Dow descending and repute mart slippery for niner succeeding composer. On Weekday the Dow dropped 4.31 proportion – 512 points – erasing the gains prefab so far in 2011.

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