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usa credit rating put on negative watch
10-15-2013, 11:56 PM #1
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
http://www.reuters.com/article/2013/10/1...7220131015 next step downgrade of credit story just breaking

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10-16-2013, 12:00 AM #2
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
http://www.cnbc.com/id/101093033Fitch Ratings put the US government's AAA credit rating on 'rating watch negative' Tuesday, saying that the standstill on the US debt ceiling negotiations risks undermining the effectiveness of the country's government and political institutions.

This story is developing. Please check back for further updates.

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10-16-2013, 12:17 AM #3
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
The credit rating of the United States is in danger of a downgrade from a second rater, after Fitch Ratings announced policymakers had put the nation at an increased risk of a default.












The rater announced late Tuesday that it was placing the nation's AAA credit rating on negative watch, citing the failure to raise the nation's $16.7 trillion debt ceiling in a "timely manner."

"Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default," the rater said in a statement.

A negative watch from a credit rater means the rating in question stands a 50 percent of a downgrade over the next three months.


Read more: http://thehill.com/blogs/on-the-money/ec...z2hpNln0L9
Follow us: @thehill on Twitter | TheHill on Facebook

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10-16-2013, 12:24 AM #4
Octo Mother Superior
Posts:42,603 Threads:1,469 Joined:Feb 2011
Be Afraid! The Scariest Quotes About the Debt Crisis

http://abcnews.go.com/US/afraid-scariest...d=20563987

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10-16-2013, 12:36 AM #5
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
but if we get a downgrade it will be bad for our economy..and this warning issued will alarm investors in bonds

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
10-16-2013, 12:41 AM #6
Octo Mother Superior
Posts:42,603 Threads:1,469 Joined:Feb 2011
Basically everything going on right now is bad for the economy 13.gif
10-16-2013, 12:45 AM #7
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
this will be even worse..people that have 401k's thru employment are gonna take a hit..and how will china feel about this? they buy are debt via bonds ..just a tip of things affected

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
10-16-2013, 12:50 AM #8
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
China, with about $1.3 trillion in Treasury bonds on its own balance sheet, is the largest foreign holder of U.S. debt in the world. The communist-run nation has frequently expressed frustration with the congressional brinksmanship that has occurred over raising the country’s debt ceiling

Read more: http://www.nydailynews.com/news/politics...z2hpVn93qP

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