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
Tag: Credit rating agency
Moody’s Place America’s Triple A Ratings On Notice For Downgrade
And so it begins. The triple A(Aaa) ratings that America has enjoyed since 1917 was put on notice for a downgrade today by Moody’s Investors Service. Bloomberg reports that Moody’s took this initial move to lower America’s credit ratings over “concern(s) the debt threshold will not be raised in time to prevent a missed payment… Continue reading Moody’s Place America’s Triple A Ratings On Notice For Downgrade