After downgrading U.S., S&P gives top rating to sub-prime mortgages

The United States may not deserve a triple AAA credit rating, but the same sub-prime mortgage assets that caused the housing bust do — at least according to the country’s leading ratings agency. Standard & Poor’s is set to slap a coveted AAA rating on a set of bonds tied to mortgages given to homeowners

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After downgrading U.S., S&P gives top rating to sub-prime mortgages

Posted by on September 2, 2011. Filed under News, Trending News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.