U.S. Downgraded to 'Near Junk' by Weiss
http://www.thestreet.com/story/11186...cm_ven=GOOGLENWeiss Ratings on Friday downgraded its rating for United States sovereign debt to a "C-minus," or just one notch above a junk rating.
Weiss had initiated its sovereign debt ratings in April, with an investment-grade rating for the U.S. of "C," saying at that time that low rankings in the categories of debt burden, international stability and economic health, were partially offset by the nation's "ability to borrow in the global marketplace."
The new "C-minus" rating translates roughly to investment-grade ratings of "BBB-" at Standard & Poor's and "Baa3" at Moody's, both of which are one notch above junk status.
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