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Stimulus bill threatens to downgrade US bond rating.


CofCC.org News Team

Obama & Friends are poised to pass an $800+ billion stimulus package, but the US will have to borrow much of the money needed. Already foreign demand has cooled down for US bonds, making harder for the US to borrow.

Now experts say that the stimulus bill itself will force a downgrade in America’s credit score. Currently the US has a coveted AAA rating from Standard & Poor’s.

Bailout threatens US AAA score.

According to the “sovereign credit rating” which measures the level of risk of investing in a certain country, the US fell from 7th safest to the 10th safest last year. The US was passed by Austria, Finland, and the Netherlands.