long term debt

U.S. Loses Triple-A Rating

S&P Breaks Ranks So, after the U.S. stock market was safely closed yesterday at the end of a tumultuous week, Standard & Poor’s did the deed:  it cut its rating of long-term U.S. debt from Triple-A to Double-A. Its competitors, Moody’s and Fitch, are likely to follow in short order, much like gas stations or...
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