US Debt Rating Should Be 'C': Independent Agency (Drudge)

CNBC.com ^ | Published: Tuesday, 3 May 2011 | 3:09 AM ET | CNBC.com

[MontaniSemperLiberi]

There have been increasing concerns about the fate of United States' prized triple-A sovereign debt rating. While Standard and Poor's recently downgraded its U.S. debt outlook to negative from stable, implying that a ratings cut could happen in two years, one independent ratings agency has given the U.S. sovereign rating a "C".

"A 'C' is equivalent to approximately a triple-B on the S&P, Moody's and Fitch scales. It's two notches above junk and one notch above the equivalent of a single A," Martin Weiss, President of Weiss Ratings, told CNBC Tuesday.

[MontaniSemperLiberi]

Last fall I estimated we had three to six years to fix our deficit. With a double dip or at least a slowdown, we won't make it to six. With the cast of clown we elected to the House, i.e Boehner, Canto and Ryan, we'll be lucky to make it to four.

[MontaniSemperLiberi]

Should say “Up on Drudge”. The article is from CNBC.

[screaminsunshine]

Kramer says now is time to buy. Look out below!