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    • S&P still hard on US, but says $ will be key int'l currency

      In a move that sent jitters to global markets, Standard & Poor's cut US rating to AA+ from triple-A late last week. "The political system in US is not as strong as earlier. Also, the government there proactively failed to take measures on the economy. A debate on US debt cap exposed weakening US political system," the rating agency said.

    • Moody's says US still needs to find further cuts

      Moody's repeated a warning on Monday it could cut the US rating before 2013 if the fiscal or economic outlook weakens significantly but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.

    • Next stop, 4700 Nifty: CLSA's Laurence Balanco

      Laurence Balanco of CLSA said the Nifty has slipped below its key support area that was running from 5100 to 5200.

    • US gets closer to losing its AAA rating

      The United States took a step closer to losing its coveted triple-A credit rating over the weekend as a political impasse in Washington reduced hopes of an agreement to meaningfully cut the nation's budget deficit.

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