S&P Dithers While Dagong Global Cuts US Credit Rating, Again
Posted on August 05, 2011 at 12:09 PM EDT
While two of the US’ most important credit rating agencies — Moody’s and Fitch — have maintained the US’ triple-A rating, Standard & Poor’s has yet to announce where it stands. That’s after already stating a 50 percent likelihood of downgrade if Congress failed to cut spending by at least $4 trillion over 10 years. [...] S&P Dithers While Dagong Global Cuts US Credit Rating, Again originally appeared in the Daily Reckoning . The Daily Reckoning provides 400,000+ readers economic news, market analysis, and contrarian investment ideas. Follow the Daily Reckoning on Facebook .