U.S. Credit Rating: American Hegemony in Decline?International Policy Digest (2011)
AbstractStandard 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.
- US hegemony,
Publication DateAugust 9, 2011
Citation InformationJo Coghlan. "U.S. Credit Rating: American Hegemony in Decline?" International Policy Digest (2011)
Available at: http://works.bepress.com/jo_coghlan/44/