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U.S. Credit Rating: American Hegemony in Decline?
International Policy Digest (2011)
  • Jo Coghlan, Southern Cross University
Abstract
Standard and Poor’s (S&P) have reduced America’s sovereign credit rating from AAA to AA+. The rating puts the U.S. on par with Kuwait and Taiwan. America’s $14.3 trillion debt makes “the world’s richest nation” a worse credit risk than Australia, Germany, Britain and the Isle of Man. The downgrade followed the biggest weekly selloff in U.S. stocks in 32 months.
Keywords
  • US hegemony,
  • debt
Publication Date
August 9, 2011
Citation Information
Jo Coghlan. "U.S. Credit Rating: American Hegemony in Decline?" International Policy Digest (2011)
Available at: http://works.bepress.com/jo_coghlan/44/