U.S. Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative

by Gary Kopycinski on August 6, 2011

Gary Kopycinski Author

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NEW YORK—(ENEWSPF)—August 5, 2011. Standard & Poor’s has cut the long-term credit rating of the United States one notch from AAA to AA+ based on concerns about the government’s budget deficits and rising debt burden. It is anticipated that this move will eventually raise interest rates for the government, businesses and consumers.