S&P warns of possible downgrade to U.S. credit rating

07/15/2011 | Bloomberg

Standard & Poor's said it might downgrade the U.S. credit rating from AAA to AA, even if the debt limit is raised before the Aug. 2 deadline. A downgrade is likely in the next 90 days if the White House and Congress can't reach a credible solution to the government's debt burden, the credit rating agency said.

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