U.S. Credit Rating Drop ‘Inevitable’ Even With Deal to Stave Off Default

A drop in the U.S. credit rating is likely even with a debt deal, analysts say. By Daniel Stone.

Published Jul. 25 2011 11:27PM EDT

articles/2011/07/25/u-s-credit-rating-drop-inevitable-even-with-deal-to-stave-off-default/america-credit-rating-stone_q24ak7 — J. Scott Applewhite / AP Photos

Only seven days stand between the U.S. and the effects of a credit default. But a downgrade of the nation’s stellar AAA credit rating seems a lot more likely, and a lot sooner.

The White House had been alerted repeatedly over the past month by rating agencies that without a strong,...

Daniel Stone

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U.S. Credit Rating Drop ‘Inevitable’ Even With Deal to Stave Off Default

A drop in the U.S. credit rating is likely even with a debt deal, analysts say. By Daniel Stone.

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Daniel Stone