BBC News – US loses AAA credit rating after S&P downgrade

BBC News – US loses AAA credit rating after S&P downgrade.

If other credit rating agencies do not have plans of downgrading the US ratings in the near future, then it is likely that their calculations are different from that of the S&P’s.

Again, in this economy with struggling unemployment rates, the government dropped the ball on an early and constructive debt deal, and the S&P took an early and exaggerated stance in downgrading the US, now making it slightly more difficult for the economy to fully recover.

Advertisements

About alonrishi

Economist at the Central Bank of Trinidad and Tobago Graduate of Florida Atlantic University (MS. Economics with a track in Finance, BA Business Economics) Interests in business, technology, automotive design and engineering, travel, food, amateur photography, and gaming. @alonrishi

Posted on August 6, 2011, in Business, US, World. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: