Free Republic
Browse · Search Pings · Mail News/Activism
Topics · Post Article
Skip to comments.
US credit rating downgraded, again
http://m.yahoo.com/w/news_america/us-credit-rating-downgraded-again-050101872.html?orig_host_hdr=news.yahoo.com&.intl=us&.lang=en-us ^
Posted on April 8, 2012 7:56:57 AM EDT by TigerClaws
A small credit ratings agency downgraded the United States' credit rating for a second time, arguing the country was no closer to solving its runaway debt problem.
In a move that could foreshadow decisions from larger agencies, Egan-Jones downgraded the US to AA from AA+.
The company on Thursday cited "the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP."
(Excerpt) Read more at m.yahoo.com ...