S&P could cut U.S. ratings in next 90 days |
| MarketWatch - Jul 21, 2011 |
Standard & Poor's on Thursday put its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the U.S. on CreditWatch with negative implications, indicating a downgrade may come within the next three months. It is "our view that, owing to the dynamics of the political debate on the debt ceiling, there is at least a one-in-two likelihood that we could lower the long-term rating on the U.S. within the next 90 days," S&P said. "Despite months of negotiations, the two sides remain at odds on fundamental fiscal policy issues," leading to "an increasing risk of a substantial policy stalemate enduring beyond any near-term agreement to raise the debt ceiling."
Read Full Article from MarketWatch
- Posted: 2011-07-21 10:43:30
| More Stock Investor Place Top Stories |
 |
|
|
|
| Stock Investor Place Top Stories Archive |
|
|
|
