EuroRating Agency Cuts U.S. Credit Rating

German Feri EuroRating, the risk rating agency, was reported to have downgraded the U.S. credit rating from AAA to AA,citing the "continuing deterioration in the credit worthiness of the country due to high public debt, fiscal measures inadequate and weak outlook growth ".


Feri EuroRating also said that the U.S. deficits "are not a sustainable fiscal policy"and said it would reconsider the rating if the government "create a sustainable long-term budget.". The agency, which has about a thousand customers worldwide, is small compared to its competitors and has focused on Germany, France and the UK.