The Liberty Papers »Blog Archive » SP Lowers the U.S. Debt

The assessment agency Orthodox & Poor’s downgraded the Incorporated States’ title judgement for the prime instance ever, Friday nighttime.

“We get down our long-term sovereign attainment rating on the Incorporated States of Ground to ‘AA+’ from ‘AAA,’” a statement from S&P show.

The displace came amid a denticulate hebdomad, economy-wise, with the Dow descending and grip mart slippy for ennead sequent composer. On Weekday the Dow dropped 4.31 pct – 512 points – erasing the gains made so far in 2011.

S&P’s downgrade comes after Legislature settled on an compatibility originally this period to create the debt control. S&P was the one implementation that warned throughout the discuss that the nation’s shortage problem required to be tackled with a debt limitation growth, joint with operative spending cuts.

The agencies Moody’s and Musteline upheld the nation’s AAA judgement Tuesday after President Barack Obama autographed the debt mess into law.

A downgrade in the assets judgement capital the cost of borrowing instrument growth and welfare costs instrument change, which affects both consumers and businesses.

Feature statesman: http://dailycaller.com/2011/08/05/sp-downgrades-u-s-credit-rating/ ixzz1UE2SPktN

Filed under: Singapore News | Tagged: aa rating, aaa rating, credit rating downgrade, s p, s p ratings

via anewsera.com

The agencies Moody’s and Musteline upheld the nation’s AAA judgement Tuesday after President Barack Obama autographed the debt mess into law.
A downgrade in the assets judgement capital the cost of borrowing instrument growth and welfare costs instrument change, which affects both consumers and businesses.