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Monday, October 23, 2017
credit rating

S&P Holds U.S. Credit Rating Unchanged At AA+

Washington (AFP) – Standard and Poor’s held its U.S. debt rating unchanged at AA+ on Friday, nearly three years after dealing Washington a historic cut to its top-flight rating. S&P said the rating outlook was only stable, saying the country’s “polarized policymaking environment and high general government debt and budget deficits” prevent a return to […]

June 6, 2014

Southern States’ Credit Ratings On Hook As Washington Cuts Spending

The United States and France are not the only sovereigns whose credit ratings are in jeopardy these days. Until this week, bonds issued by South Carolina, Maryland, New Mexico, Tennessee and Virginia, normally rated AAA, were in similar jeopardy – not because of mismanagement by state governments but because their economies are propelled by federal […]

August 12, 2011

Four Ways Congress Can Upgrade Our Credit Rating

Now that Standard & Poors has downgraded the U.S.’s AAA credit rating, it is important to respond boldly and, at the same time, lower expectations. The first step is for our political leaders to frankly acknowledge the problems at hand: The U.S. economy will face a hard slog for an extended period; the political system […]

August 10, 2011

China Worried About U.S. Default

As House Republicans continue to hold the United States hostage over raising the debt limit, China is using Standard & Poor’s and Moody’s (relatively empty) threats to downgrade the United States’ credit rating as a pretext to issue stern warnings on honoring our more than $1 trillion in debt to that country. China’s State Administration […]

July 20, 2011

Ratings Agency: We Might Downgrade U.S. Credit

Yesterday, the credit ratings agency Moody’s Investor Service warned that it will have to review the U.S. government’s AAA credit rating and possibly downgrade it, given fears that the U.S. will fail to raise the debt ceiling and default on its debt. Moody’s believes there is a “very small but rising risk of a short-lived […]

July 13, 2011