The S&P finally does the inevitable - long dated Treasuries are downgraded to AA+
Here is the S&P Report in full.
Overview
http://online.wsj.com/article/SB10001424053111903366504576491421339802788.html
Reaction of major creditors:
http://online.wsj.com/article/SB10001424053111903454504576491230812389792.html
Basics of rating agencies:
http://www.bbc.co.uk/news/10108284
Are there any safe harbours left?
http://www.bbc.co.uk/news/business-14430643