S&P suggests possible upgrade of U.S. credit rating

Affirming the U.S.'s long-term sovereign credit rating at AA+ with stable outlook, S&P says an upgrade to AAA could be in store if it sees "additional evidence of bipartisan efforts that signal a lower degree of political brinksmanship around fiscal policy decisions, coupled with a general government debt burden decline more pronounced than we currently expect."

Comments (3)
  • MisterJ
    , contributor
    Comments (1182) | Send Message
    Being the best contrarian indicator out there I kind of fear S&P's upgrade. Remember how they rubber-stamped MBS with AAA all the time?
    6 Jun 2014, 02:27 PM Reply Like
  • SivBum
    , contributor
    Comments (2782) | Send Message
    Nah! S&P's credit rating is a sham, proven when they rated those zero-down sub-prime CDS and PIIGS AAAs.
    6 Jun 2014, 02:33 PM Reply Like
  • treyminator
    , contributor
    Comments (85) | Send Message
    U.S. should always be rated "AAA" because it can print what ever it takes to pay. These ratings don't mean much because of this fundamental priniple. A rating regarding the purchasing power of what you will be repaid with in the future would be far more meaningful. So, AAA you will be repaid with 100% of the dollars promised; but CCC rating for what you can buy 10 years from now.
    8 Jun 2014, 05:25 PM Reply Like
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