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US Debt Rating Should Be ‘C’: Independent Agency

Posted By admin On May 3, 2011 @ 3:10 am In Money Watch | Comments Disabled

CNBC [1]
May 3, 2011

There have been increasing concerns about the fate of United States’ prized triple-A sovereign debt rating. While Standard and Poor’s recently downgraded its U.S. debt outlook to negative from stable, implying that a ratings cut could happen in two years, one independent ratings agency has given the U.S. sovereign rating a “C”.

“A ‘C’ is equivalent to approximately a triple-B on the S&P, Moody’s and Fitch scales. It’s two notches above junk and one notch above the equivalent of a single A,” Martin Weiss, President of Weiss Ratings, told CNBC Tuesday.

Weiss was quick to add that while the rating seems weak, the debt situation is not in a danger zone that would trigger panic, noting that there was still broad market acceptance for Treasurys.

The grade reflects the U.S. massive debt burden, low international reserves and the volatility in the American economy, he said.

Full article here [1]

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US Debt Rating Should Be C: Independent Agency 260310banner2 [3]


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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/42871647

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://purewaterfreedom.com/

[4] US Rating Close to ‘Junk’: Independent Strategist: http://www.prisonplanet.com/us-rating-close-to-junk-independent-strategist.html

[5] Dollar to Be ‘Discarded’ by World: China Rating Agency: http://www.prisonplanet.com/dollar-to-be-discarded-by-world-china-rating-agency.html

[6] Europe’s New Debt Solution: Create Their Own Ratings Agency That Only Gives Friendly Ratings: http://www.prisonplanet.com/europes-new-debt-solution-create-their-own-ratings-agency-that-only-gives-friendly-ratings.html

[7] Rating Agency Wars 2: The New Evil Empire Strikes Back – Dagong Says Likely To Downgrade US Even If Debt Limit Raised: http://www.prisonplanet.com/rating-agency-wars-2-the-new-evil-empire-strikes-back-dagong-says-likely-to-downgrade-us-even-if-debt-limit-raised.html

[8] S&P Rating Agency May Soon Downgrade U.S. Debt From AAA: http://www.prisonplanet.com/sp-rating-agency-may-soon-downgrade-u-s-debt-from-aaa.html

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