Tuesday, July 26, 2011

U.S. likely to lose top rating: economists

Reuters reports:
The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.

A small majority of economists -- 30 out of 53 -- surveyed over the past two days said the United States will lose its AAA credit rating from one of the three big ratings agencies -- Standard & Poor's, Moody's or Fitch.
It appears, even the establishment is now worried about Uncle Sugar's credit rating.