06 Aug '11, 1am

US loses Triple-AAA rating for first time - Yahoo! Singapore Finance via @YahooFinance

On Saturday 6 August 2011, 8:40 SGT The United States' credit rating was cut for the first time ever Friday when Standard and Poor's lowered it from triple-A to AA+, citing the country's looming deficit burden and weak policy-making process. Standard and Poor's revised the nation's rating downwards to a AA+ with a negative outlook, despite a push back from the White House which said its analysis of the US economy was deeply flawed. It was the first time the US was downgraded since it first received a triple-AAA rating from Moody's in 1917; it has held the S&P rating since 1941. Moody's and a third ratings agency, Fitch, say they continue to study the deficit plan to see if the US merits being kept in their ranks of AAA countries. The blow came after the White House, Democratic and Republican lawmakers finally agreed on Tuesday to a deal to raise the nation's debt ceiling a...

Full article: http://sg.finance.yahoo.com/news/US-loses-Triple-AAA-rati...

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US loses Triple-AAA rating for first time

channelnewsasia.com 06 Aug '11, 1am

WASHINGTON: Standard & Poor's cut the US credit rating for the first time in history Friday, saying the country's politici...

US loses AAA credit rating for first time

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straitstimes.com 06 Aug '11, 1am

The United States' credit rating was cut for the first time ever Friday when Standard and Poor's lowered it from triple-A ...

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