Standard & Poor's (S&P)is a United States-based financial services company.One of the services S&P provides is to issue credit rankings for the debt of all public and private corporations.The highest credit ranking it issues is AAA,which indicates a very high level of confidence and a very low level of risk in those investments.In August 2011 S&P downgraded the credit rating on U.S.government bonds from AAA to AA.What impact would this likely have had on the value of the U.S.dollar in foreign exchange markets? Explain.

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The Answer of Standard & Poor's (S&P)is a United States-based financial services company.One of the services S&P provides is to issue credit rankings for the debt of all public and private corporations.The highest credit ranking it issues is AAA,which indicates a very high level of confidence and a very low level of risk in those investments.In August 2011 S&P downgraded the credit rating on U.S.government bonds from AAA to AA.What impact would this likely have had on the value of the U.S.dollar in foreign exchange markets? Explain.

Standard & Poor's (S&P)is a United States-Based Financial Services Company