Tagged: credit rating

Weekly roundup of quotes by BU experts on the S&P downgrade: August 8 – August 12

Below is a sampling of quotes by BU experts on the Standard & Poor’s downgrade of U.S. debt for the week August 8 – August 12: “You add it up, our bond rating shouldn’t be AA+, it should be CCC at this point. I’m not kidding…It’s a scary mix of ingredients…If the market drops any […]

S&P downgrades U.S. credit rating

Markets continued to fall sharply today following Standard & Poor’s downgrade of U.S. debt, lowering the credit rating from AAA to AA+. S&P continued their downgrades by lowering ratings for Fannie Mae, Freddie Mac, and several Federal Home Loan Banks. Boston University economics professor Laurence Kotlikoff weighed in with his view of S&P’s move to […]