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September 27, 2011

Credit Downgrade and Its Impact on Oil Prices

Filed under: Uncategorized — Tags: , , , , , , — admin @ 11:21 pm

As a result of recession and its aftershock impact, it’s very dense for the United States to recover easily. For the first age in the history of the credit rating, the nation has to face a drop in the Average and Poor’s (S&P) credit rating from AA A to AA+ in August 2011. Such a downfall has increased concerns of the agency about the nation’s ability to balance its debt.
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