Standards and Poors has lowered the US’s credit rating. The US now has AA+, down from AAA.
(Reuters) – The United States lost its top-notch AAA credit rating from Standard & Poors on Friday, in a dramatic reversal of fortune for the world’s largest economy.
The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next 12 to 18 months.
Economic reality is catching up with us.
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