USA To lose another AAA Rating

The Guardian reporting today that Moody’s or Fitch may reduce the US credit rating by November or December. S&P dropped the US from AAA to AA+ in August.

Merrill Lynch’s North American economist, Ethan Harris, said. “We expect at least one credit downgrade in late November or early December when the super committee crashes.”

November 23 is the deadline for Democrats and Republicans to come to an agreement on a deficit deal which aims to reduce the debt by 1.2 trillion.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s