S&P Downgrades US Debt
The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.
S&P stands alone here, as Moody's and Fitch did not downgrade US debt. I think we will see that no one cares what S&P thinks about sovereign debt.
Speaking for me only
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