Friday, July 22, 2011

Meet 3 Ratings Agencies That Have Already Downgraded the U.S.

I posted this information this information because a downgrade in the US credit rating usually means higher interest and mortgage rates.  These are not the big three rating agencies that really affect rates.
While the three most well-known ratings agencies, Standard & Poor's, Moody's Investors Service, and Fitch, continue to only warn about a potential downgrade, some of their smaller counterparts have already followed through. Granted, you probably haven't heard about these downgrades because the markets generally only pay attention to the big three ratings agencies. In any event, here's a look at what these smaller players had to say:
Clink here to learn about the credit rating agencies.

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