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US down to AA+....What would happen on monday.....

it should be still possible. i think if it is really a mistake on s& p part, they can still choose to admit their mistake and upgrade back. of course they can choose to remain the downgrade status if they can justified their stance or just ignore the treasury. it really depends on them.

we just stay alert and react accordingly.

tiancai007      ( Date: 06-Aug-2011 10:26) Posted: Once downgrade already, you think can retrieve back? It is still a downgrade... timqoo      ( Date: 06-Aug-2011 10:12) Posted: ai zai. A mathematical error discovered late Friday by Treasury Department officials has thrown into limbo — at least temporarily — plans by ratings firm Standard & Poor’s to downgrade the top-notch AAA credit rating the U.S. has held for 70 years, people familiar with the matter said. Source: U.S. Debt Rating in Limbo as Treasury Finds Math Mistake by S& P in Downgrade Warning

 

Once downgrade already, you think can retrieve back? It is still a downgrade...

timqoo      ( Date: 06-Aug-2011 10:12) Posted: ai zai. A mathematical error discovered late Friday by Treasury Department officials has thrown into limbo — at least temporarily — plans by ratings firm Standard & Poor’s to downgrade the top-notch AAA credit rating the U.S. has held for 70 years, people familiar with the matter said. Source: U.S. Debt Rating in Limbo as Treasury Finds Math Mistake by S& P in Downgrade Warning

 

ai zai.


A mathematical error discovered late Friday by Treasury Department officials has thrown into limbo — at least temporarily — plans by ratings firm Standard & Poor’s to downgrade the top-notch AAA credit rating the U.S. has held for 70 years, people familiar with the matter said.


Source: U.S. Debt Rating in Limbo as Treasury Finds Math Mistake by S& P in Downgrade Warning

 

 

Yes

 

US$2 trillion error in S& P calculations: US

WASHINGTON - The US Treasury Friday hit back against a Standard and Poor’s downgrade of its AAA credit rating, saying there was a US$2 trillion (S$2.42 trillion) error in the agency’s calculations. “A judgment flawed by a 2 trillion dollar error speaks for itself,” a Treasury spokesman said, just after the US lost its AAA rating for the first time ever and was downgraded to a AA+.

 

 

Monday Asian trade will lau sai, no more NDP rally. 

 

WASHINGTON (MarketWatch) -- Standard & Poor's Friday night downgraded the U.S. debt rating to AA+ from AAA and, while removing the world's largest economy from CreditWatch, said the outlook was negative. " The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S& P said. " More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011."

 

 

,,,,Good luck everyone~~