WASHINGTON — Standard & Poor’s removed the United States government from its list of risk-free borrowers for the first time on Friday night, a downgrade that is freighted with symbolic significance but carries few clear financial implications.
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The company, one of three major agencies that offer advice to investors in debt securities, said it was cutting its rating of long-term federal debt to AA+, one notch below the top grade of AAA. It described the decision as a judgment about the nation’s leaders, writing that “the gulf between the political parties” had reduced its confidence in the government’s ability to manage its finances. .....
Article: http://www.nytimes.com/2011/08...
S.&P. Downgrades U.S. Long-Term Debt NYT
Kuumad uudised | 05 Aug 2011 | EWR
Kuumad uudised
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