Ratings Agency Downgrades U.S. Credit

 

Downgraded. Again.  Citing the most recent round of stimulus, the ratings agency Egan-Jones on Friday gave the U.S. a credit rating of AA-, down from its solid AA rating.  Michael Aneiro at Barron’s notes that the downgrade comes three days after Egan-Jones “affirmed its AA rating for the U.S. but warned that further Fed stimulus could trigger a downgrade.

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