Kicked Out of the AAA Club
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US Sovereign Debt Rating Downgrade Implications for Business and the World

The United States’ sovereign debt was downgraded on May 16 by a third major credit rating agency. The US being removed from the AAA sovereign credit ratings club could be the trickle that turns into a flood of actions that imperil not only the US bond market, but the entire global economy and financial system as well.

US Sovereign Debt Rating Downgrade Implications for Business and the World

The United States’ sovereign debt was downgraded on May 16 by a third major credit rating agency. The US being removed from the AAA sovereign credit ratings club could be the trickle that turns into a flood of actions that imperil not only the US bond market, but the entire global economy and financial system as well.

Author

Dana M. Peterson

Dana M. Peterson Dana M. Peterson

Chief Economist and Leader, Economy, Strategy & Fi…
The Conference Board

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