Despite threats by the major credit rating agencies to downgrade America’s AAA credit rating, chances are now slim to none that they will actually do so. This reflects one of the ironic (or oxymoronic) perks of being both the richest and most-indebted nation in the history of mankind: i.e., rating agencies have to think twice… Read more.
S&P downgrades U.S. credit rating
Monday, August 8, 2011 at 5:04 AM