U.S. Downgraded to 'Near Junk' by Weiss

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knightmare
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Joined: Tue Feb 19, 2002 10:53 am

U.S. Downgraded to 'Near Junk' by Weiss

Post by knightmare »

Weiss Ratings on Friday downgraded its rating for United States sovereign debt to a "C-minus," or just one notch above a junk rating.


http://www.thestreet.com/story/11186657 ... en=GOOGLEN


The new "C-minus" rating translates roughly to investment-grade ratings of "BBB-" at Standard & Poor's and "Baa3" at Moody's, both of which are one notch above junk status.
“"A wise man can learn more from a foolish question than a fool can learn from a wise answer."”

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RoundEye
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Location: In a dry but moldy New Orleans, Louisiana

Post by RoundEye »

Doesn't surprise me. :(
Sliding down the banister of life ..........................
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