Will The Governments Credit Rating Get Cut?

by Dual Income No Kids on November 15, 2008 · 0 comments

If you didn’t catch this story from Reuters a while back, you might be interested to know that the rating agency Standard and Poors appears to be concerned about the viability of the federal governments AAA credit rating (here).

Is this likely to happen? In all likelihood, probably not. That said, with the schizophrenic behavior of financial markets, the ongoing federal deficit and the future unfunded liabilities for social security and medicaid, it would be sensible to keep an eye out for any statements from the rating agencies regarding the national credit rating.

Best,

James

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