Friday, August 5, 2011

U.S. Long-Term Rating Lowered To 'AA+' by S&P

United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative

The U.S. credit Rating was just downgraded today  by
Standard & Poor’s ;

''We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.''

''We have also removed both the short- and long-term ratings from CreditWatch negative.''
''The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.''