The US Treasury Says There Is A Mistake.

Rating agency Standard Pool Co announced 5 days that the US sovereign credit rating was downgraded from AAA to AA+, and the rating outlook was negative. This is the first time that AAA credit rating has been lost in US history. The US Treasury responded to standard & Poor's downgrading of the US credit rating, saying there was a mistake.

S & P pointed out that Reduction The rating is mainly due to the debt ceiling agreement reached between the US government and Congress, which lacks the measures expected by S & P to maintain medium-term debt stability. Meanwhile, S & P maintained the US short-term sovereign credit rating "A-1+" unchanged, and the rating outlook was negative.

This is the second rating agency's announcement of the US downgrade following the downgrading of the US by Dagong, a Chinese rating agency. In August 3rd, Dagong reduced the US sovereign debt rating from A+ to A, with a negative outlook. Dagong International says raising the debt ceiling will not change the fact that the level of US debt growth is faster than its overall economic and fiscal growth. Dagong's A rating on US debt dropped the us to a level with Russia, South Africa and Estonia.

In April 18th this year, S & P put the US in the long term. sovereignty The outlook for credit rating has been downgraded from "stability" to "negative", but the sovereign credit rating has remained unchanged.

In the early August, two other international rating agencies, Fitch and Moodie, made statements on both sides, which would maintain the sovereign credit rating of the US AAA, but set the US outlook as negative. The two rating agencies also said that if the United States can not effectively implement the debt reduction measures, or the US economy further weakened, unable to complete the task of reducing debt to GDP ratio, we can not rule out the possibility of downgrading the US credit rating in the future.

In August 2nd, almost at the very last moment before the bell rang, President Obama signed the US debt ceiling bill, which resolved the crisis of the first US debt default in history.

The market has been rumored that the S & P will soon cut down the US sovereign credit rating, resulting in the Jones index of the US stock market plummeting more than 500 points on Thursday and a 245 drop in Friday's intraday price. S & P declined to comment on the rumor. Although the US stock market has rebounded since then, Dow closed slightly higher, but this week still fell 5.8%. European stock markets plunged nearly 10% this week.

The US Treasury responded: Downgrade Error in evaluation

The US Treasury responded to standard & Poor's downgrading of the US credit rating, saying there was a mistake. A spokesman for the Ministry of Finance said that the standard Pool Co's assessment contained a mistake of $2 trillion. "A decision with a $2 trillion error assessment is obviously wrong."

Fitch, standard & Poor's and Moodie, the three most famous rating agencies in the world, were born in the United States and have a huge impact on the international financial community.

Introduction of the three rating agencies

Standard & Poor's: founded in the US in 1860, headquartered in New York, it provides investors with a series of indices such as standard & Poor's 500 index.

Moodie: founded in 1909 in the United States and headquartered in New York, currently, there are 800 analysts in the world, with 17 institutions in each country.

Fitch International: founded in the United States in 1913, the two headquarters are located in New York and London, and there are 51 offices in the world.