Will The U.S. Get Back Its AAA Assessment?
A few American residents believe that the U.S. government has the ability to regain its AAA assessment rating. There are a number of countries that lost their AAA evaluation rating but have acquired them back as the countries recovered its economy. The possibility of regaining that rank for the U.S. does not convince its people. Two more rating services are next in line to downgrade the country from AAA and will take place some time in the near future. The time will depend on the way the country handles its economic conditions and the growing debt. Improving the country’s financial status might lift the assessment back.
Excerpt:
“There’s no reason to prevent the U.S. from repeating what these other nations have accomplished. Much has to be done, however, before S&P might be inclined to re-evaluate its opinion of U.S. debt.”
Original article can be found at:
http://www.forbes.com/sites/investopedia/2011/08/22/can-the-u-s-regain-its-aaa-rating/
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