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United States tipped to lose another AAA credit rating

Posted By admin On October 24, 2011 @ 2:54 am In Money Watch | Comments Disabled

Reuters [1]
October 24, 2011

The United States will probably suffer the loss of its triple-A credit rating from another rating agency by the end of this year because of concerns over the deficit, Bank of America Merrill Lynch is forecasting.

The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the deficit.

A second downgrade – either from Moody’s or Fitch – would follow Standard & Poor’s downgrade in August and represent an additional blow to the sluggish US economy, Merrill said.

Full article here [1]


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URL to article: http://www.prisonplanet.com/united-states-tipped-to-lose-another-aaa-credit-rating.html

URLs in this post:

[1] Reuters: http://www.guardian.co.uk/business/2011/oct/23/united-states-aaa-credit-rating

[2] Flashback – Geithner: No Risk U.S. Will Ever Lose AAA Credit Rating: http://www.prisonplanet.com/flashback-geithner-no-risk-u-s-will-ever-lose-aaa-credit-rating.html

[3] Moody’s strips Britain of triple-A rating in major blow to Osborne: http://www.prisonplanet.com/moodys-strips-britain-of-triple-a-rating-in-major-blow-to-osborne.html

[4] S&P Issues a Warning on Japan’s Credit Rating: http://www.prisonplanet.com/sp-issues-a-warning-on-japans-credit-rating.html

[5] Will the UK Lose its AAA Credit Rating?: http://www.prisonplanet.com/will-the-uk-lose-its-aaa-credit-rating.html

[6] America Loses AAA Credit Rating (Being The Military Superpower And Money Printer In Chief Did Not Protect Our Credit): http://www.prisonplanet.com/america-loses-aaa-credit-rating-being-the-military-superpower-and-money-printer-in-chief-did-not-protect-our-credit.html

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