Commentary
US Credit Downgrade: The Chickens Coming Home to Roost?
Editorial Board
On Friday August 5, one of the world’s leading credit rating agencies, Standard & Poor’s, downgraded the United States’ top-notch AAA rating for the first time ever. S&P cut the long-term US rating down to AA+ with a negative outlook, citing concerns about budget deficits and political gridlock. In their statement justifying the downgrade the…
On Friday August 5, one of the world’s leading credit rating agencies, Standard & Poor’s, downgraded the United States’ top-notch AAA rating for the first time…
Continue reading 21 min