US loses Triple A Credit Rating.

[Kasz216]

Seece said:

Kasz216 said:

maverick40 said:

Wow, shocking stuff. And I thought Ireland was in a bad situation......I was wrong.  Our rate of tax is disgusting because of the recession though.  America should probably do the same.

The USA is ranked Double A, the second highest.

Ireland is ranked Junk.

Ireland is still in a much worse situation.

I guess they really wanted to bring shame when the named it that huh

Well it's not the official name... I just don't remember which Junk rating it is.

There are two types of ratings.  Investment which is AAA through BBB, and Junk bonds which are everything below Triple B.

The difference being, anything in the Investment range are in little to no fear of default, while Junk bonds are a crap shoot.