Standard & Poor’s Downgrades U.S. Credit Rating for First Time in History

Sadly, the fears have been confirmed. Standard & Poor‘s has downgraded the United States’ credit rating for the first time in the history of the ratings.


According to AP, the credit rating agency says that it is cutting the country’s top AAA rating by one notch to AA+. On Friday evening S&P said that the debt bill recently passed by Congress was not enough to stabilize the nation’s debt crisis.
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