Fitch confirms US AAA rating, with a stable outlook!

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August 16, 2011 / AFP, New York / DC.

Fitch Ratings confirmed on Tuesday its triple-A rating of the United States, 10 days after rival Standard & Poor's dealt the country its first-ever downgrade due to Washington's huge deficits and debt.

"The affirmation of the US 'AAA' sovereign rating reflects the fact that the key pillars of US's exceptional creditworthiness remain intact: its pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base," Fitch Ratings said.

"Monetary and exchange rate flexibility further enhances the capacity of the economy to absorb and adjust to 'shocks'," Fitch said.

But it added that it will review its projections of the US fiscal deficit and growth expectations - problems that S&P cited in its historic downgrade - after it sees the work of a joint Congressional committee tasked with slashing $1.5 trillion from US deficits over the next 10 years by the end of November.

Full Story at,

http://www.deccanchronicle.com/channels/world/north-america/fitch-confirms-us-aaa-rating-stable-outlook-320

CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, Part-V: Rating the governments!

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The Hindu / August 12, 2011.

Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi after their victory in the Lok Sabha elections on May 16, 2009, in New Delhi - The Hindu.

"The Hindu" presents the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. The results of the poll on the theme ‘Performance at the Centre and the States’ show that at the national level, the news is not very good for UPA-II. It does not have much to celebrate at the State level either.

The Hindu presents the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. This surveys the popular mood on a number of issues such as the popularity of political leaders, the economy, corruption and terrorism.

The results of the poll on the theme 'Performance at the Centre and the States' are presented here. CNN-IBN will telecast the programme at 10 p.m. today.

Full Story at,

http://www.thehindu.com/opinion/op-ed/article2348079.ece?homepage=true

CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, Part-IV: Hardening mood on terrorism!

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The Hindu / August 11, 2011.

A victim of the July 13, 2011, terror attack is carried away on a stretcher moments after the blast at Zaveri bazaar in Mumbai - AP.

"The Hindu" presents the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. The results of the poll on the theme ‘Terrorism’ show that the level of approval of the government's handling of terror has fallen as compared to early-2009.

The Hindu presents the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. This surveys the popular mood on a number of issues such as the popularity of political leaders, the economy, corruption and terrorism.

The results of the poll, on the theme 'Terrorism' are presented here.

CNN-IBN will telecast the programme at 10 p.m. today.

Full Story at,

http://www.thehindu.com/opinion/op-ed/article2344433.ece?homepage=true

CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, Part-III: Worries on the economic front!

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The HIndu / August 10, 2011.

The State of the Nation Poll results show that "people feel existing land acquisition policies are not fair to farmers". In this March 2011 photo, farmers protest in New Delhi demanding the implementation of land reforms, and amendments in land acquisition laws. Photo: S. Subramanium - The HIndu.

The Hindu presents the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. The results of the poll on the theme ‘Economy, Price Rise & Land Acquisition’ show there is an overwhelming feeling that the price rise situation has worsened; more people hold the Centre than their State governments responsible.

The Hindu presents the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. This surveys the popular mood on a number of issues such as the popularity of political leaders, the economy, corruption and terrorism.

The results of the poll, on the theme 'Economy, Price Rise & Land Acquisition' are presented here.

CNN-IBN will telecast the programme at 10 p.m. today.

Full Story at,

http://www.thehindu.com/opinion/op-ed/article2340863.ece?homepage=true

CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, Part-II: Corruption is the big issue!

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The Hindu / August 9, 2011.

In this June 8, 2011 file photo, supporters of social activist Anna Hazare shout slogans during a protest against corruption near Rajghat, in New Delhi - AP.

The Hindu presents Part II of the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. The results of the poll on the theme 'Corruption and the Lokpal' show the Central government being overwhelmingly perceived as being corrupt and shielding those who have stashed money abroad.

The Hindu presents Part II of the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. This surveys the popular mood on a number of issues such as the popularity of political leaders, the economy, corruption and terrorism.

The results of the poll on the theme ‘Corruption and the Lokpal’, are presented here.

Full Story at,

http://www.thehindu.com/opinion/op-ed/article2337628.ece?homepage=true

CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, Part-I: The Popularity Stakes!

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The Hindu / August 8, 2011.

Congress general secretary Rahul Gandhi - PTI.

State of the Nation Poll: Rahul Gandhi emerges as the most popular political leader and the preferred choice as the next Prime Minister

Between today and August 13, The Hindu will present the findings of the CNN-IBN & CNBC-TV18 ‘State of the Nation Poll’, conducted by the Centre for the Study of Developing Societies. This surveys the popular mood on a number of issues such as the popularity of political leaders, the economy, corruption and terrorism.

The results of the poll on the theme ‘Personalities and Leadership’, are presented here.

Full Story at,

http://www.thehindu.com/opinion/op-ed/article2334143.ece

S&P's rating downgrade wrong decision: US official!

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7 AUG, 2011, 03.17 PM IST / IANS,  http://economictimes.indiatimes.com.

WASHINGTON: Global rating agency Standard and Poor's (S&P) made a hasty and wrong decision of stripping the US of its top-notch credit rating, a senior US Treasury official said.

S&P Friday removed for the first time the AAA long-term sovereign credit rating for the US and lowered it by one notch to AA-plus.

"Their analysis is poorly and hastily done. By moving so quickly, they made the wrong decision without the right information," the official told Xinhua over the phone Saturday.

The rating agency should pay more attention to the debt reduction efforts in Washington, the official said on condition of anonymity.

The official believed that the downgrade won't have a big impact on global financial markets as the other two global rating giants Fitch and Moody's retained their triple-A credit rating for the US.

Market investors know the ropes of the US debt reduction process and the just-signed bipartisan debt legislation, and "there is nothing new in S&P's downgrading report, except for their downgrade decision", said the official.

Obama Tuesday signed a bill that raises the nation's debt limit through 2013 and cuts the deficit by more than $2 trillion, but the deficit-cutting package fell far short of the $4 trillion cited by S&P to avoid a downgrade.

Full Story at,

http://economictimes.indiatimes.com/news/international-business/sps-rating-downgrade-wrong-decision-us-official/articleshow/9516692.cms

US DEBT CRISIS: Standard & Poor's downgrades U.S. debt rating to AA+!

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By Binyamin Appelbaum and Eric Dash, New York Times / http://www.mercurynews.com / Updated: 08/05/2011 09:07:30 PM PDT.

WASHINGTON -- Standard & Poor's removed the U.S. government from its list of risk-free borrowers Friday night, citing concern about the rising burden of the federal debt.

The nation's rating was reduced to AA-plus for its long-term debt, one notch below the top rating of triple-A.

S&P, one of the three major agencies that assign grades to the credit of companies and governments, had threatened the downgrade if the government did not act to reduce the federal debt by at least $4 trillion over the next decade. This week, Congress instead passed a plan to reduce the debt by at least $2.1 trillion.

Treasury Department officials said that the S&P announcement was delayed after the Treasury found a serious mathematical error in a draft of the downgrade announcement, which was provided to the government Friday afternoon. The officials said that S&P inadvertently added $2 trillion to its projection of the federal debt, significantly overstating the problem confronting the government.

The other rating agencies, Moody's and Fitch, have said they have no plan to downgrade the country's credit rating, giving the government more time to make progress on debt reduction. The split verdict limits the impact of the S&P downgrade, as many consequences would be set off only by a reduction by two agencies.

Full Story at,

http://www.mercurynews.com/news/ci_18628091?source=rss