Tag Archives: u.s. credit downgrade

How will the U.S. Credit Downgrade Affect Consumers?

When Standard & Poor’s, one of the three main credit rating agencies, decided to downgrade U.S. government debt from the highest rating (AAA) to the next lower rating (AA+), it caused a whole lot of volatility on Wall Street and prompted a rapid response from President Obama.   But how will the downgrade affect consumers directly?  Will it change interest rates…