- Prison Planet.com - http://www.prisonplanet.com -

United States tipped to lose another AAA credit rating

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]