Debate over US AAA rating

America Blog  Jul 13 08

I can't even believe things have dropped so low that this discussion is out there. I would like to be more confident in our ability to maintain AAA status but there are some painful days still to come. Losing AAA status means even more costly loans for our debt. But remember, Republicans know the economy. They're the experts, so they say. The U.S. would retain its top AAA credit ratings even if the government was forced to rescue mortgage lenders Fannie Mae and Freddie Mac, according to Moody's Investors Service Inc. and Standard & Poor's.U.S. debt is ``well within'' the guidelines for an Aaa rating, said Steven Hess, vice president and senior credit officer at Moody's in New York. Full story...

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