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S&P Affirms US AAA Rating, Cuts Outlook to Negative

Posted By admin On April 18, 2011 @ 9:31 am In Money Watch | Comments Disabled

Reuters [1]
April 18, 2011

Standard & Poor’s on Monday downgraded the outlook for the United States to negative, saying it believes there’s a risk U.S. policymakers may not reach agreement on how to address the country’s long-term fiscal pressures.

“Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable,” the agency said in a statement.

In an interview with CNBC, David Beers, S&P’s global head of sovereign ratings, said the agency has been “struck increasingly by the difference in how other governments are dealing with fiscal consolidation.”

“The U.S. to us looks to be an increasing outlier in that context,” Beers added.

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S&P Affirms US AAA Rating, Cuts Outlook to Negative 161008pptv3 [3]

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[1] Reuters: http://www.cnbc.com/id/42643384

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[3] Image: http://prisonplanet.tv/

[4] Moody’s Warns There Is Increased Likelihood Of Negative Outlook To US AAA Rating In Next 2 Years: http://www.prisonplanet.com/moodys-warns-there-is-increased-likelihood-of-negative-outlook-to-us-aaa-rating-in-next-2-years.html

[5] Moody’s Cuts Portugal Rating by Two Notches: http://www.prisonplanet.com/moodys-cuts-portugal-rating-by-two-notches.html

[6] S&P Moves US Outlook To Negative, Gold Hits New Record: http://www.prisonplanet.com/sp-moves-us-outlook-to-negative-gold-hits-new-record.html

[7] Standard & Poors Cuts U.S. Outlook to Negative Because Both Parties Keep Throwing Money at Endless Wars, Endless Bailouts and a Ponzi Financial System: http://www.prisonplanet.com/standard-poors-cuts-u-s-outlook-to-negative-because-both-parties-keep-throwing-money-at-endless-wars-endless-bailouts-and-a-ponzi-financial-system.html

[8] China Boldly Goes (Again) Where Moody’s Has Never Gone Before, Downgrades US From A+ To A, Outlook Negative: http://www.prisonplanet.com/china-boldly-goes-again-where-moodys-has-never-gone-before-downgrades-us-from-a-to-a-outlook-negative.html

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