S&P downgrades U.S. credit rating

Treasury Secretary Tim Geithner and staff watch the Senate vote to raise the debt limit on Tuesday, August 2, 2011. U.S. Treasury photo.

Standard & Poor's, a McGraw Hill company, downgraded the U.S. credit rating late yesterday after putting the nation on credit watch in July.

For full details, go to S & P's Global Credit Portal at:
http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldata&blobtable=MungoBlobs&blobheadervalue2=inline%3B+filename%3DUS_Downgraded_AA%2B.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1243942957443&blobheadervalue3=UTF-8