Sad that you fail to understand such a simple thing.
They put us on negative outlook in April.
"Our negative outlook on our rating on the U.S. sovereign signals that
we believe there is at least a one-in-three likelihood that we could lower our
long-term rating on the U.S. within two years,"
In July they put us on 'CreditWatch"
"As a consequence, we now believe that we could lower our ratings on the
U.S. within three months. "
"We may lower the long-term rating on the U.S. by one or more notches into
the 'AA' category in the next three months, if we conclude that Congress
and the Administration have not achieved a credible solution to the
rising U.S. government debt burden and are not likely to achieve one in
the foreseeable future. "
"We expect the debt trajectory to continue increasing in the medium term if a
medium-term fiscal consolidation plan of $4 trillion is not agreed upon.
If
Congress and the Administration reach an agreement of about $4 trillion, and
if we to conclude that such an agreement would be enacted and maintained
throughout the decade, we could, other things unchanged, affirm the 'AAA'
long-term rating and A-1+ short-term ratings on the U.S. "
"If such an agreement is reached, but we
do not believe that it likely will stabilize the U.S.' debt dynamics, we,
again all other things unchanged, would expect to lower the long-term 'AAA'
rating, affirm the 'A-1+' short-term rating, and assign a negative outlook on
the long-term rating. "
http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245315237257
They did everything by write the damn bill for us. They wanted $4 trillion and anything less was a downgrade.