Standard & Poor's Ratings Services on Monday lowered the ratings on U.S.-guaranteed bonds issued by the Israeli government to AA+ from AAA. The downgrade comes in the wake of the ratings agency's move on Friday to strip the U.S. of its triple-A rating. However, Israel's sovereign rating is unchanged at A with a stable outlook. The decision affects about $6 billion in debt.
In connection with its downgrading of the U.S. government, ratings service Standard & Poor's early Monday likewise downgraded the senior issue ratings on Fannie Mae and Freddie Mac to 'AA+' from 'AAA'. S&P added it was maintaining its 'A' subordinated debt rating and 'C' rating on the preferred stock for the government-backed entities, and affirmed their short-term issue ratings at 'A-1+'. "The downgrades of Fannie Mae and Freddie Mac reflect their direct reliance on the U.S. government. Fannie Mae and Freddie Mac were placed into conservatorship in September 2008 and their ability to fund operations relies heavily on the U.S. government," S&P said, in a statement.
President Barack Obama will make a statement has more a historical and Political View Point.
White House In Denial Mind Set and Blurred Vision.
While, Moody's Have warned Japan for the Rating Down Grade And it is widely, expected to Sooner than Latter.
Heard on the Street, is down grading War between Rating Agencies, may start soon. May Be Wednesday..?
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