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User ID: 1171589 United States 02/01/2011 05:28 AM Report Abusive Post Report Copyright Violation | Egypt Debt Rating Downgraded by Standard & Poor's LONDON (AP) — Standard & Poor's has become the second major credit agency in as many days to downgrade its rating on Egypt following a week of violent protests. The agency warned Tuesday that the political instability and unrest will hamper Egypt's economic growth and hurt its public finances. As a result, it says it is reducing its long-term debt rating on Egypt by one notch to BB and warns it could issue another downgrade within the next tree months. [ link to www.google.com] Pearl Harbor was an inside job. |