U.S. Credit Downgraded For First Time In History | Neon Tommy.
For the first time in history, the long-term U.S. debt dredit rating has been downgraded. The rating agency, Standard and Poor’s took the U.S. credit rating down from its platinum level AAA one notch to AAPlus.
The downgrade had been rumored for weeks during the prolonged debt-ceiling debate in congress but many observers thought that last week’s deal would take such a move off the table. The Atlantic reprints the official statement from S&P:
As Queensland heads for a budget deficit this financial year, the state’s credit rating has been downgraded by ratings agency Standard and Poor’s.
The State has lost its AAA credit rating after the Government revealed yesterday it was expecting a $1.6 billion budget deficit this financial year, instead of a predicted surplus.
Queensland’s rating is now AA.
RAJ REPORT 