{"id":288,"date":"2011-08-12T14:28:21","date_gmt":"2011-08-12T06:28:21","guid":{"rendered":"http:\/\/www.hsflanges.com\/blog\/?p=288"},"modified":"2018-12-20T20:31:32","modified_gmt":"2018-12-20T12:31:32","slug":"usa-sovereign-debt-rating-downgraded","status":"publish","type":"post","link":"https:\/\/www.hsflanges.com\/blog\/usa-sovereign-debt-rating-downgraded\/","title":{"rendered":"USA sovereign debt rating downgraded"},"content":{"rendered":"<p>Standard&amp;Poor&#8217;s, one of the three major credit rating agencies downgraded on Friday the USA credit rating, previously noted AAA, the highest possible level. The new rating AA+ is translating the worry of experts about the sustainability of US public finances, in the context of ever increasing public spending and public debt above $14.3 trillion. The debt deal signed by the Congress is projecting savings of $1.2 trillion, which S&amp;P estimates to be insufficient. The triple A has been assigned to the United States since 1941 and guaranteed to the country the best possible interest rates on its debt. The downgrade could add up to 0.7 of a percentage point to U.S. Treasuries&#8217; yields, increasing funding costs for public debt by some $100 billion, according to SIFMA, a U.S. securities industry trade group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard&amp;Poor&#8217;s, one of the three major credit rating agencies downgraded on Friday the USA credit rating, previously noted AAA, the highest possible level. The new rating AA+ is translating the worry of experts about the sustainability of US public finances, in the context of ever increasing public spending and public debt above $14.3 trillion. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/posts\/288"}],"collection":[{"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/comments?post=288"}],"version-history":[{"count":3,"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/posts\/288\/revisions"}],"predecessor-version":[{"id":290,"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/posts\/288\/revisions\/290"}],"wp:attachment":[{"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/media?parent=288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/categories?post=288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hsflanges.com\/blog\/wp-json\/wp\/v2\/tags?post=288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}