Bad Credit a Problem

S&P Downgrades US Credit Rating: End of 7 Decades of Financial Supremacy?

All the three rating agencies — Moody’s, Fitch and S&P- have warned the current Administration that if things weren’t done to curtail the tide of out-of-control spending and poor fiscal and monetary policies they would be forced to review the credit rating of the United States (U.S.) for possible downgrade.

That is what exactly happened on Friday. Standard & Poor’s (S&P) downgraded its long-term sovereign credit rating on the U.S. to ‘AA+’ … Continue Reading