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About: Black Monday (2011)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Sound107371293, within Data Space : dbpedia.org:8891 associated with source document(s)

Type: yago:WikicatStockMarketCrashesyago:Abstraction100002137yago:Clang107380144yago:Event100029378yago:Happening107283608yago:Noise107387509yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntityyago:Sound107371293 New Facet based on Instances of this Class

In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or "risk free", to AA+. It was the first time in history the United States was downgraded. Moody's issued a report during morning trading which said their AAA rating of U.S. credit was in jeopardy, this after issuing a negative outlook in the previous week.