06 Aug '11, 1am

US loses AAA credit rating for first time

US loses AAA credit rating for first time

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+. -- PHOTO: AP WASHINGTON - THE United States' credit rating was cut for the first time ever on 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. S&P attached a 'negative outlook' to the new rating, while government sources involved in the negotiations with the agency attacked its analysis as deeply flawed. 'The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilise the government's medium-term debt dynamics,' S&P said in a statement. 'More broadly, the downgrade reflects our view that the effectiveness, stability, and predicta...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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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 Triple-AAA rating for first time - Yah...

sg.finance.yahoo.com 06 Aug '11, 1am

On Saturday 6 August 2011, 8:40 SGT The United States' credit rating was cut for the first time ever Friday when Standard ...

World digests US rating downgrade

World digests US rating downgrade

channelnewsasia.com 06 Aug '11, 4pm

WASHINGTON: The United States and the world struggled on Saturday to come to grips with the first-ever US credit rating do...

Singapore may be affected by US rating cut: Economists

Singapore may be affected by US rating cut: Eco...

straitstimes.com 07 Aug '11, 12am

An ABC News ticker in New York's Times Square announcing the bad news about the credit rating downgrade for the United Sta...

India calls US downgrade 'grave': NEW DELHI - THE loss by the United States of its top-rank AAA credit rating f...

India calls US downgrade 'grave': NEW DELHI - T...

straitstimes.com 06 Aug '11, 11am

The loss by the United States of its top-rank AAA credit rating from Standard & Poor's has created a 'grave' situation, In...

US govt official on S&P's downgrade of US credi...

todayonline.com 08 Aug '11, 4am

WASHINGTON - The day after Standard & Poor's took the unprecedented step of stripping the US government of its top credit ...

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channelnewsasia.com 06 Aug '11, 3am

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The US could still lose their AAA debt rating despite the approval of a deal to raise the debt ceiling, say analysts

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straitstimes.com 02 Aug '11, 2am

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Impact of US downgrade uncertain, say analysts

Impact of US downgrade uncertain, say analysts

channelnewsasia.com 06 Aug '11, 6pm

WASHINGTON: Given the size of the US economy and the pre-eminent role of the dollar worldwide, the cut to Washington's cre...

India says US downgrade situation \\"grave\\"

India says US downgrade situation \\"grave\\"

channelnewsasia.com 06 Aug '11, 11am

NEW DELHI: The loss by the United States of its top-rank AAA credit rating from Standard & Poor's has created a "grave" si...

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channelnewsasia.com 07 Aug '11, 2am

WASHINGTON: Standard & Poor's stuck to its guns Saturday after a withering attack on its math skills and historical accura...

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channelnewsasia.com 06 Aug '11, 11am

PARIS: France has "total confidence" in the solidity of the US economy, Economy Minister Francois Baroin told AFP on Satur...