Tag Archives: AA

U.S. credit rating drops again

By Obamarageous on | Leave a comment

“In April, Egan-Jones cuts the U.S. credit rating to “AA” from “AA+” with a negative watch, citing a lack of progress in cutting the mounting federal debt.”

And now, ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

Posted in: Economy, Incompetence, National Debt | Tagged: , , , , , , , , , , ,