Written by One after 909
Print this
Topics: US Debt

Friday, 16 March 2012

Ratings agency Standard & Poor's has downgraded A1 Steak Sauce from A1 to A3, while Heinz 57 has been placed on negative outlook. The US recently lost its top-tier AAA rating from S&P.

One of the main reasons cited for the downgrade is that "people are eating more ramen noodles and less steak during the recession."

S&P says that A1 in recent years has had little competition, with great margins. The product has been around for over 100 years and has great brand awareness.

Further reasons for the downgrade include the amount of salt that is in the sauce. One tablespoon of A1 (soon to be called A3) contains an eighth of your daily dose of sodium. S&P is skeptical that anyone uses as little as one tablespoon of sauce.

S&P says they are maintaining a negative outlook on the steak sauce. This reflects the potential for a further decline. The report also says that the sauce's outlook "could be stabilized at the current level if the overall sirloin situation were to be resolved conclusively."

Full report from S&P: S&P lowers A1 Steak Sauce to capture downside risk.

Make One after 909's day - give this story five thumbs-up (there's no need to register, the thumbs are just down there!)

The story above is a satire or parody. It is entirely fictitious.

Do you dream of being a comedy news writer? Click here to be a writer!

More by this writer

View Story
View Story
View Story
View Story
View Story
View Story


Mailing List

Get Spoof News in your email inbox!


What's 5 multiplied by 5?

7 20 25 16
42 readers are online right now!

Go to top

We use cookies to give you the best experience, this includes cookies from third party websites and advertisers.

Continue ? Find out more