US Debt Rating Should Be ‘C’: Independent Agency

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.

Weiss was quick to add that while the rating seems weak, the debt situation is not in a danger zone that would trigger panic, noting that there was still broad market acceptance for Treasurys.

The grade reflects the U.S. massive debt burden, low international reserves and the volatility in the American economy, he said.

The grade reflects the U.S. massive debt burden, low international reserves and the volatility in the American economy, he said.

The U.S. government debt is fast approaching the $14.3 trillion ceiling, with the debt-to-GDP ratio close to 100 percent. And a downgrade of U.S. Treasurys – one of the most widely held assets – could theoretically raise borrowing costs and in a worst case scenario, trigger a default on the government’s debt obligations.

America’s rating was ranked 33rd out of 47 nations, according to Weiss, which began tracking sovereign debt last year. France and Japan also got a “C” rating, while Only China and Thailand received an “A” rating.

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The LOZ is primarily causing collateral damage verses the loss of life. Adding to the monetary loss of this country’s treasury. This being Satan’s throne of authority, the LOZ is nudging him toward his new seat of rulership as he realizes he cannot sustain this country due to the ever mounting debt. The infrastructure – aging bridges, buildings, dams, etc., this all is set for a crumbling-to-ground effect when the LOZ launches its campaign to tremor the fault lines in the USA. That will bring forth the final demise of the already debt ridden nation. Michael has ordered that the LOZ will not pull back in the 5th month, but will instead continue to apply pressure to Satan”s new ruling authority, making it rough water for him to effectively serve as the Antichrist. His unwillingness to relinquish power over his prized child brings with it ramifications he did not expect.