CREDIT RATING

By Walter Brandimarte NEW YORK — The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. [np-related] S&P cut the long-term U.S. ...

Afters days of rumors, the rating agency moves to downgrade amidst market turmoil.

Standard & Poor's downgraded the U.S.'s triple-A credit rating to AA-plus late Friday and issued a negative outlook, meaning another downgrade is possible in the next 12 to 18 months.


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