On Friday, the rating agency, S&P downgraded the United States credit from AAA to AA+. A move the agency claims was necessary because of the constant political battles fought in Washington by the two political parties. Then today, S&P added even more to their downgrade list. CBS reports; Standard & Poor’s Ratings Services on Monday… Continue reading S And P On A Downgrade Rampage
Tag: AA+
America’s Credit Downgraded, Another Win For Republicans
The Standard & Poors rating agency has, for the first time in America’s history, downgraded America’s Credit ratings, from a Triple A rating to AA+ ratings. The agency cites the political system in Washington as one of the reasons why the credit downgrade happened. “We lowered our long-term rating on the U.S. because we believe that the… Continue reading America’s Credit Downgraded, Another Win For Republicans