Standard & Poor'S Downgraded 3A Sovereign Credit Rating To AA+

2011/8/6 8:57:00 32

The international rating agency S & P has reduced the US long-term sovereign credit rating from "AAA" to "AA+".

Grade

Look negative.

This is the first time that AAA credit rating has been lost in US history.

S & P

It is pointed out that the downgrade rating is mainly due to the debt ceiling agreement reached between the US government and Congress, which lacks the measures expected by S & P to maintain medium-term debt stability.

Meanwhile, S & P maintained the US short-term sovereign credit rating "A-1+" unchanged, and the rating outlook was negative.

After the US debt default alert was lifted, two other rating agencies, Moodie and Fitch, maintain the AAA credit rating in the US, but the rating outlook is negative.

Among them, Moodie pointed out that in the four case, the US credit rating may be downgraded, namely, the poor self-discipline of US fiscal policy in the coming year, and no further fiscal reform measures taken in 2013.

Economics

The growth prospects have deteriorated seriously and the cost of borrowing by the US government has increased significantly compared with the current level.