S&P Downgrades U.S. Credit Rating

By Michael Warren

Published August 5, 2011 11:43pm ET

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S&P Downgrades U.S. Credit Rating — Standard and Poor’s has downgraded the United States government’s AAA credit rating. CNN reports: NEW YORK (CNNMoney) — Credit rating agency Standard & Poor’s downgraded the credit rating of the United States, stripping the world’s largest economy of its prized AAA status. Last month, S&P warned it was placing the United States’ sovereign rating on “CreditWatch […]

Standard and Poor’s has downgraded the United States government’s AAA credit rating. CNN reports:

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