US credit rating decline likely, says risk analysis firm

Risk analysis company CheckRisk has today announced that it is raising the probability of the US losing its AAA rating to 70% for S&P and between 50% and 60% for Moody's and Fitch.

Nick Bullman, founder and managing director of CheckRisk, has said "the loss of the AAA rating status has the potential to be a major risk event for the US and the odds are increasing by the hour".