August 26, 2019

USA loses AAA credit rating

Standard & Poor's has downgraded the United States' top AAA rating for the first time ever. S&P cut the long-term US rating by one notch to AA+ with a negative outlook, citing concerns about budget deficits. The agency said the deficit reduction plan passed by the US Congress on Tuesday did … [Read more...]

Portugal may need second financial bail-out

International credit ratings agency Moody's Investors Service has downgraded Portugal's debt to junk status and sounded a warning about its future borrowing. Moody's said there was a growing risk that Portugal would need a second bail-out before it was ready to borrow money from financial markets … [Read more...]

Bernanke warns US may “renege on payments”

Ben Bernanke, Chairman of the US Federal Reserve has spoken out about his concerns about the future of the United States international credit rating. He has warned that if the borrowing limit is not raised, then the US might lose its AAA credit rating. Congress has been arguing whether or not … [Read more...]