Stocks fall on concern about US credit rating
Mar 15, 11:06 AM (ET)
By STEPHEN BERNARD and TIM PARADIS
NEW YORK (AP) - Concerns about China's economy and a warning about the U.S. credit rating hit stocks.
Credit ratings agency Moody's said Monday that debt loads are stretched in the U.S. and Britain. The countries carry the top "AAA" rating. And a drop in the rating would make it more expensive for the government to borrow money.
My Way News - Stocks fall on concern about US credit rating
btw this is the very same Moodys that gave low risk ratings to the junk securities that pretty much triggered the recession.
Mar 15, 11:06 AM (ET)
By STEPHEN BERNARD and TIM PARADIS
NEW YORK (AP) - Concerns about China's economy and a warning about the U.S. credit rating hit stocks.
Credit ratings agency Moody's said Monday that debt loads are stretched in the U.S. and Britain. The countries carry the top "AAA" rating. And a drop in the rating would make it more expensive for the government to borrow money.
My Way News - Stocks fall on concern about US credit rating
btw this is the very same Moodys that gave low risk ratings to the junk securities that pretty much triggered the recession.