"Standard & Poor's said Monday it downgraded the U.S. debt rating after the political uncertainty over America's fiscal policy during the debt ceiling debate and the significant levels of government debt, which is set to hit 75% of total GDP in a few years.
The ratings giant followed up on a warning issued in July, claiming downgrades to the sovereign credit rating could impact government-sponsored enterprises Fannie Mae and Freddie Mac.
When asked how long it will take to move America back to a gilt-edged triple-A , analysts said, in some cases, it has taken sovereign governments as little as nine years and in others up to 18 years..."
at http://www.housingwire.com/2011/08/08/rising-government-debt-political-uncertainty-behind-sp-downgrade?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
The ratings giant followed up on a warning issued in July, claiming downgrades to the sovereign credit rating could impact government-sponsored enterprises Fannie Mae and Freddie Mac.
When asked how long it will take to move America back to a gilt-edged triple-A , analysts said, in some cases, it has taken sovereign governments as little as nine years and in others up to 18 years..."
at http://www.housingwire.com/2011/08/08/rising-government-debt-political-uncertainty-behind-sp-downgrade?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
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