Thursday, April 28, 2011

U.S. gets C credit rating, lower than Mexico

The U.S. got a sovereign credit rating of C on Thursday, in line with ratings for such smaller economies as Mexico, Estonia and Colombia. Weiss Ratings, based in Jupiter, Fla., has rated the creditworthiness of financial institutions for several years, but the firm launched sovereign- debt ratings of 47 countries on Thursday. The U.S. rating of C (Fair) ranks it 33rd, Weiss noted in a statement.

http://www.marketwatch.com/story/us-gets-c-credit-rating-lower-than-mexico-2011-04-28?link=MW_home_latest_news