Wednesday, 3 August 2011

US credit rating, now at the agencies mercy

Fitch had retained the AAA rating for US and maintained a negative outlook. Moody's yesterday mentioned they are convince indirectly by the debt plan. Now we are left with Standard and Poor.

Looking at what they said in July that there is a 50% chance of downgrading regardless of debt ceiling outcome, US economy is at these agencies' mercy.

And if you can remember, our whole world economy is at stake too.


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