U.S. Downgraded to 'Near Junk' by Weiss
Posted: Sun Jul 17, 2011 8:41 am
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.
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.
