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Posts Tagged ‘Uncle Sam is on life support’

Egan-Jones Officially Cuts U.S. Credit Rating

Posted by Larry Doyle on July 19th, 2011 7:40 AM |

Cutting a credit rating is significantly different that placing it on ‘watch’ or ‘under review’.

Most readers are likely fully aware that Standard and Poor’s and Moody’s have sent out serious warning signals about the potential downgrade of the United States AAA credit rating.

That said, another SEC officially recognized ratings entity has gone one step further and actually lowered Uncle Sam’s standing by one notch.

What firm is so bold and brazen to send this volley across Capitol Hill and down Pennsylvania Avenue? (more…)






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