EGAN JONES CUTS US CREDIT RATING TO AA-

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Photo: Paul Goyette, Flickr

Just out According to CNBC via Bloomberg…:The ratings agency Egan-Jones has downgraded the US credit rating to AA- from AA+

The outlook is negative.

And they’re citing the lack of progress on cutting the debt.

Egan Jones is not an official credit ratings National Statistical Ratings organisation, (like Fitch, S&P, and Moody’s are) and unlike those other three, does not make their ratings public, since they’re for the advice of clients.

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