QuantRec.com - What Does Downgrade Mean for Stocks?
"The meaning of this downgrade is that the agency does not believe our government can repay its debt. The agency has good reason to feel this way since our politicians seemingly could not get this deal completed, and were not happy with the end result. Analysts estimate that the new rating will cost our government an additional $100 billion annually. Citizens have voiced their concerns, saying this could lead to higher interest rates, including rates for such items as mortgages and college.