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There have been increasing concerns about the fate of United States' prized triple-A sovereign debt rating. While Standard and Poor's recently downgraded its U.S. debt outlook to negative from stable, implying that a ratings cut could happen in two years, one independent ratings agency has given the U.S. sovereign rating a "C".
Originally posted by Lynda101
I don't think people can see the posible repercussions of the re-vamping / recranking in the world of finance. I suspect there is a terrible battle going on to stop the US$ sliding further and the consequent domino effect that would start.