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S&P Downgrades US Debt – Feds Tell Banks US Securities Still “Riskless”

August 5, 2011 By Problem Bank List Staff Leave a Comment

The credit rating of the United States was downgraded for the first time in its history by Standard & Poor’s.  The credit rating agencies had previously warned Congress that unless a credible deficit reduction plan was enacted, the United States could expect a downgrade. Standard & Poor’s reduced the US credit rating from AAA to […]

Filed Under: Bank Lending, Banking News, FDIC, featured, Financial Crisis Tagged With: debt, debt crisis, S&P, US downgraded

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