Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
#1
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
#2
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
#3
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
#4