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Originally posted by youdidntseeme
The AAA rating was only lost by the S&P.
Ratings agencies Moody's and Fitch both maintained the U.S.'s AAA credit rating following the debt deal.
Not by any means trying to downplay the severity of the S&P loss, but felt it was imprtant to the entire conversation to mention this fact.
Originally posted by Praetorius
reply to post by mrbarber
And we somehow manage to meet the requirements for AA+? You gotta be kidding me...maybe they just have VERY relaxed standards. Granted, I haven't checked the ratings requirements - but we seem to deserve a MUCH worse rating, IMHO.
This means someone is confident that the United States is either going to default or is going to lose its AAA rating. That someone is willing to bet the proverbial farm that U.S. interest rates will be going up.
I believe what happened is a debt-ceiling deal was done in Washington and leaked to a major proprietary trader. Everyone knows the debt negotiations in Washington have been an extreme game of brinksmanship between political parties, but now someone knows how that game played out.