06 Aug '11, 4pm

World digests US rating downgrade

World digests US rating downgrade

WASHINGTON: The United States and the world struggled on Saturday to come to grips with the first-ever US credit rating downgrade, as Washington is held to account for months of political acrimony and years of swelling US debt. Standard & Poor's cut the US credit rating for the first time in history, from its top-flight triple-A one notch to AA+, saying US politicians were increasingly unable to handle the country's huge fiscal deficit and debt load. The agency added a negative outlook, saying there was a chance the rating could be downgraded further within two years if progress is not made in cutting the huge government budget gap. S&P said the "political brinksmanship" of recent months shows that governance in the country is becoming "less stable, less effective, and less predictable," raising the risks that one day it might not honour its debt. The move - which came lat...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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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 loses AAA credit rating for first time

US loses AAA credit rating for first time

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 ...

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...

Buffett says US downgrade 'doesn't make sense'

Buffett says US downgrade 'doesn't make sense'

straitstimes.com 06 Aug '11, 11pm

WASHINGTON - Investing guru Warren Buffett criticised the Standard & Poor's downgrade of the long-term US credit rating, s...

Taiwan sees 'no impact' from US debt downgrade: TAIPEI - The deputy governor of Taiwan's central bank sought to

Taiwan sees 'no impact' from US debt downgrade:...

asiaone.com 07 Aug '11, 1am

TAIPEI - The deputy governor of Taiwan's central bank sought to play down worries over the US debt downgrade on Saturday, ...

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...

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...

S&P defends US downgrade as criticism mounts

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...

US downgrade 'sounds alarm bell': China state m...

straitstimes.com 07 Aug '11, 10am

BEIJING - STANDARD & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspa...

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 ...

Taiwan sees 'no impact' from US debt downgrade

straitstimes.com 06 Aug '11, 9am

TAIPEI - THE deputy governor of Taiwan's central bank sought to play down worries over the US debt downgrade on Saturday, ...

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...

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 ...

Taiwan keeps wary eye on US downgrade: report: TAIPEI - Taiwan, one of biggest foreign holders of US debt, on Su...

Taiwan keeps wary eye on US downgrade: report: ...

asiaone.com 08 Aug '11, 1am

TAIPEI - Taiwan, one of biggest foreign holders of US debt, on Sunday was keeping a close eye on developments after the US...

France total confidence in US despite #ratings downgrade

France total confidence in US despite #ratings ...

straitstimes.com 06 Aug '11, 11am

France has 'total confidence' in the solidity of the US economy, Economy Minister Francois Baroin told AFP, the first Euro...