U.S. Credit Rating Downgrade Justified?
Posted in Economic Commentary on Oct 5th, 2011 2 Comments »
Written by Mashud Abukari On Friday, August 5, 2011, the rating agency, Standard and Poor’s downgraded the United States long-term credit rating from AAA to AA+. This downgrade comes as a surprise because it’s the first time the U.S. has ever lost the triple-A rating in the past 94 years. The reason for S&P’s downgrade […]