Standard & Poor's is the first credit rating agency that lowered US rating at AA+ from the highest AAA level permanently maintained ever since 1917. The drop in the rating was deemed possible since April. Other main credit agencies are expected to downgrade their rating for the USA.
Countries like Australia, Canada and Japan had their ratings years ago to AA without a strong impact or much lasting damage. A similar effect in the market is expected after the announcement about the lower rating of the USA.
Nevertheless, France, which has a far higher debt per capita ratio than the U.S., still enjoys a AAA rating.
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