Monday, April 18, 2011

US Seeks To Reassure Markets On Debt After S&P Warning - WSJ.com

US Seeks To Reassure Markets On Debt After S&P Warning - WSJ.com: "
"The Obama administration on Monday sought to reassure U.S. Treasurys investors, saying Standard & Poor's threat to downgrade America's top-notch debt rating underestimates the country's ability to face fiscal challenges.

S&P affirmed the U.S. federal government's 'AAA' rating but, for the first time, changed its long-term outlook to negative from stable, signaling there's at least a 33% chance that it will downgrade the country's debt rating within two years."

Well of course any issuer would try the same thing.

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