The decision by Standard and Poor's to downgrade the US' prized AAA-rating for the first time came as no surprise to a number of fund managers.
Investment Week looks back at which fund managers correctly called the downgrade. Jim Rogers Back in April veteran investor Jim Rogers told Investment Week he expected the US to lose its AAA-credit rating following the move by Standard & Poor's to downgrade its outlook for the country to negative. He said the ratings agency should have slashed the country's debt rating sooner, adding the US was set to become ever more indebted. "Eventually it will happen. Not this month, or this quarter, but it is certainly going to happen," Rogers said. "The US is the largest indebted nation...
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