Difference between revisions of "Downgrade"
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A '''downgrade''' typically refers to a reduction in the creditworthiness of a nation or institution. Specifically, '''''the''''' downgrade refers to the reduction in the rating of the credit of the [[United States]] from "AAA" (the highest) to only AA+ on August 5, 2011. | A '''downgrade''' typically refers to a reduction in the creditworthiness of a nation or institution. Specifically, '''''the''''' downgrade refers to the reduction in the rating of the credit of the [[United States]] from "AAA" (the highest) to only AA+ on August 5, 2011. | ||
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Latest revision as of 11:47, July 13, 2016
A downgrade typically refers to a reduction in the creditworthiness of a nation or institution. Specifically, the downgrade refers to the reduction in the rating of the credit of the United States from "AAA" (the highest) to only AA+ on August 5, 2011.