Saturday, August 6, 2011

U.S. loses AAA credit rating from S&P

S & P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada.  - Yahoo! News

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