The US is unlikely to see its long-term credit rating return to AAA any time soon, ratings agency S&P has said.
Its comments came as it downgraded the state-backed mortgage giants Fannie Mae and Freddie Mac because of their "direct reliance on the US government".
It also lowered ratings for clearing houses and other institutions linked to long-term US debt from AAA to AA+.
Late on Friday, the agency downgraded the US's top-notch AAA rating for the first time in its history.
|Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.|