The lowering of America’s sterling credit rating was the punctuation mark on a tumultuous week in financial markets.
Quoted from US loses AAA credit rating from S&P on Yahoo! News – Latest News & Headlines
Leading credit rating agency Standard & Poor's downgrades America's top-notch AAA rating for the first time ever, amid concerns over US debt. The United States has lost its sterling credit rating. Credit rating agency Standard & Poor's on Friday lowered the nation's AAA rating for the first time since granting it in 1917. * Interest rates will increase. Should the United States lose its rating‚ it will trigger rising interest rates in an already unfrozen market. * The risk of inflation increases US May Lose Its 'AAA' The United States may be on course to lose its '' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche. Tags: lose, rating, cnbc, The administration disputed an initial warning from S&P about a downgrade. | AP Photos U.S. rating from S&P By JOSH BOAK and CARRIE BUDOFF BROWN The United States has lost its coveted top rating. rating agency Standard & Poor's has downgraded the nation's rating for the first time since the U.S. won the top ranking in 1917. The rating agency, which suggested another downgrade was possible within two years, was scathing in its rebuke of the U.S. political class after Sunday's $2.4-trillion (U.S.) deficit