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Saturday, August 6, 2011

World reacts to U.S. credit downgrade - CNN.com

World reacts to U.S. credit downgrade - CNN.com
Standard & Poor's decision to downgrade the U.S. credit rating has increased concerns about the country's economy.

(CNN) -- International reaction to agency Standard and Poor's decision to downgrade the U.S. credit rating for the first time has been mixed.
The move followed a week in which anxieties over Europe's debt crisis and the faltering U.S. recovery had spooked investors and made for volatile trading Friday, despite the release of stronger than expected U.S. jobs figures for July.

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