US Economy

• Guest 645

  • Registered: 12 Mar 2008
  • Posts: 4,463
  6 August 2011     05:12118611
  #1       report
  Breaking News
  
  Standard and Poor's downgrades US credit rating from AAA to AA+
  Marek
  I think therefore I am (not a Tory supporter)
• Guest 655

  • Registered: 13 Mar 2008
  • Posts: 10,247
  6 August 2011     07:00118614
  #2       report
  An interesting one that.
  
  S&P made an error in their calculation of $2trillion when they downgraded the USA and had to call their European committee members out of bed to review the rating downgrade by teleconference. It was a big surprise that they decided to stick with their downgrade and a very controversial one under the circumstances. I would not be surprised if this decision is reviewed again.
• Guest 698

  • Registered: 28 May 2010
  • Posts: 8,664
  6 August 2011     08:04118616
  #3       report
  Keeping it at AAA when the US was hurtling towards a debt to GDP ratio of 100 pct was illogical in my opinion and was a result of the rating agencies being in denial.
  I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  6 August 2011     09:19118618
  #4       report
  the telegraph disagree and suggest that further owngrading could happen.
  
  http://www.telegraph.co.uk/finance/currency/8685668/Standard-and-Poors-statement-US-credit-rating-could-be-cut-even-further.html