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(单词翻译:双击或拖选)
Wall Street ended its worst week since November, 2008 when it closed on Friday or so it thought. Now, Standard & Poor's has axed the top notch1 US AAA credit rating. It's unprecedented2 reverse of fortune for the world's largest economy. The US now has a long-term rating of AA plus. But S&P said in a statement:the outlook was negative, a sign that another downgrade could come in the next twelve to eighteen months. The downgrade could boost borrowing costs by 100 billion dollars. US treasury3 bonds once viewed as the safest security in the world are now rated lower than ones issued by countries like Britain, Germany, France or Canada.
1 notch | |
n.(V字形)槽口,缺口,等级 | |
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2 unprecedented | |
adj.无前例的,新奇的 | |
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3 treasury | |
n.宝库;国库,金库;文库 | |
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