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Play now 18 mins

US credit rating

Duration:
18 minutes
First broadcast:
Wednesday 03 August 2011

America's credit rating

America's credit rating is not out of danger, even though Congress has passed a deal which averted the threat of a default.

Lesley Curwen talks to Moritz Kraemer, Head of the Sovereign Ratings Group for Europe at Standard and Poor's.

He says there is a 'fifty fifty or more' chance that his credit ratings agency could downgrade US Treasury debt from its top-notch AAA rating.

Sri Lanka's economy

Plus, the BBC's Charles Haviland reports from northern Sri Lanka on how its battered economy is recovering after years of war.

Using bloggers to boost business

And technology commentator Jeremy Wagstaff is scathing about companies which boost their online presence by paying bloggers to publish links to their websites.

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