Moral Outrage
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Posts Tagged ‘AAA credit rating

The countries in the AAA debt club

July 31, 2011

Amid the contentious debt ceiling debate, the United States is at risk of being booted out of a prestigious group of 17 countries that boast a spotless credit rating. Triple-A rating enables nations to borrow funds at a low cost, because their governments are considered stable and their bonds safe. Germany, Canada, France, Norway, Sweden, […]

Downgrade of the US AAA credit rating

July 29, 2011

A downgrade of the United States’ stellar AAA credit rating seems likely. The White House had been alerted repeatedly over the past month by rating agencies that without a strong, long-term plan to restructure the country’s debt, they would lower America’s credit rating as soon as today, according to two officials familiar with the process. […]