Effects of credit rating downgrade of America to AA+

money

It finally happened.  After ratings agencies Moody’s and Fitch affirmed America’s triple A ratings but with negative outlook, China’s Dagong Agency and S&P Drops US Credit Rating to AA+ shortly thereafter.  S&P said that in addition to the downgrade, it is issuing a negative outlook, and there is a chance it will lower the rating […]

Philippine budget deficit outlook for 2010: shortfall not too bad?

  In ABS-CBN's recent article, they reveal that each Filipino now owes P47,039 to local and foreign creditors, based on the national government's total debt stock as of September. A month before that, each of the 92.2 million Filipinos owed P45,889.  The culprit: the widening budget deficit that prompts the government to borrow some more. […]

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