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Investing Thread About, America's Credit Downgraded: What You Need to Know |
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08-06-2011, 05:08 PM
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America's Credit Downgraded: What You Need to Know
America's Credit Downgraded: What You Need to Know
By Morgan Housel, The Motley Fool (DailyFinance)  08:08:31PM (DST) Saturday,August 6,2011. Rumors were swirling all day, and then it finally hit: Standard & Poor's downgraded the nation's credit rating Friday evening, the first time the U.S. Treasury has lost its pristine AAA rating since ratings began nearly a century ago. S&P now rates the United States at AA+. The rating agency didn't beat around the bush when describing why it made the cuts: America's Credit Downgraded: What You Need to Know - DailyFinance ---------------------------------------------------------------- Obvious there's work to do...
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