15
March
S&P issues warning over America's top-tier rating
15 March 2010 The Financial Times
The triple A rating of the US is at risk, S&P has warned, unless the country adopts a credible medium-term plan to rein in fiscal spending.
In a report published yesterday, the ratings agency said that there were risks that "external creditors could reduce their US dollar holdings, especially if they conclude that eurozone members are adopting stronger macroeconomic policies".
This could undermine the dollar's status as the global reserve currency, it said, an outcome which would "weigh on the triple A rating on the US."
http://www.ft.com/cms/s/0/258d3ff0-2d78-11df-a262-00144feabdc0.html?nclick_check=1
