Rogers: US will lose AAA credit rating

Veteran investor Jim Rogers said he expects the US to lose its AAA-credit rating following last week's move by Standard & Poor's to downgrade its outlook for the country to negative.

Speaking exclusively to Investment Week, Rogers said the ratings agency should have slashed the country’s debt rating already, and he expects it to do so as the US becomes ever more indebted. “Eventually it will happen. Not this month, or this quarter, but it is certainly going to happen,” Rogers said. “The US is the largest indebted nation in the history of the world and the debt is going higher and higher. “The government is printing money to solve this problem and I cannot imagine lending money to the US government for 30 years in US dollars at 3%, 4%, 5% or 6% interest, as the ...