Following the downgrade of U.S. debt by Standard & Poor's in August, 2011:
A)other rating agencies also downgraded U.S. debt
B)interest rates spiked as investor's perception of risk increased
C)investors didn't seem to be any more concerned about default risk than before the downgrade
D)the U.S. implemented a plan to significantly reduce its budget deficit later that year

Question

Quizplus · Accepted Answer

Despite the downgrade by Standard & Poor's, investors continued to view U.S. debt as a safe investment, and there was no significant increase in concern about default risk.

Following the Downgrade of U