S&P downgrades US' AAA credit rating
In an unprecedented move, Standard & Poor's downgraded the US government’s 'AAA' sovereign credit rating - a development which raises concerns that investors will lose confidence in its economy.
S&P's Beers: It was our duty to downgrade the U.S.
The top official behind Standard & Poor's historic decision on Friday to downgrade the United States' prized triple-A credit rating said it was his company's duty to make such a hard and controversia
US downgrade a grave concern: FM
Finance Minister Pranab Mukherjee today described the downgrading of the US government by credit rating agency as a '"grave situation' and said it has to be analysed.
"We will have to analyse i
China slams US for its failure to sort out debt mess
China, the largest holder of US debt, on Saturday demanded that the US set itself on a corrective course to cure its ‘addiction’ to debts following an unprecedented downgrade by credit rating agency S