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This had zero real-world impact and little news value, but there was one interesting thing about it: The agency based the downgrade on the U.K.'s inability to get its debt down to 90percentt of gross domestic product.
You are one of first big financial executives to speak publicly since the debt downgrade on Friday.
officially disclosed the debt downgrade on Aug. 5.
This follows Britain's own downgrade on Friday night.
Anita Campbell explains the impact of the downgrade on small businesses.
To monitor: The world markets' reaction to the U.S.'s rating downgrade on Friday night.
Moody's had put the banks on notice for a possible downgrade on June 2.
The downgrade on Amazon follows at least six others by analysts this year.
It would be harder for president Hollande to blame a subsequent downgrade on his predecessors, though.
Cisco Systems dropped 73 cents, to $24.23, because of an analyst downgrade on softening demand.
Besides sluggish economic growth, the threat of a ratings downgrade on United States debt and Europe's continuing financial troubles loom.
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