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In July of 2001, Standard and Poor's (S&P) cut the finance rating of Argentina. S&P did which you can purchase to the U.S. rating 10 years later (2011). There was uproar their halls of Congress on this subject even though arguably, minimized credit rating could have come much earlier. To make matters worse, Oughout.S. credit agencies granted pristine ratings to mortgage-backed securities in their heyday. Fitch, another credit agency, is warning of further action against the U.S. yr.
