S&P Warns of US Downgrade# Stock
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Ratings agency Standard & Poor's has warned there is a one-in-two chance it
could cut the United States' prized triple-A rating if a deal on raising the
government's debt ceiling is not agreed soon.
Putting the U.S. on negative watch, S&P warned that it could cut the rating this month if talks between the White House and Republicans remain stalemated. Any cut would be by one or more notches, it added.
"Today's CreditWatch placement signals 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," the agency said in a statement on Thursday.
The deadline to raise the ceiling is on August 2.
....
http://www.cnbc.com/id/43762888
could cut the United States' prized triple-A rating if a deal on raising the
government's debt ceiling is not agreed soon.
Putting the U.S. on negative watch, S&P warned that it could cut the rating this month if talks between the White House and Republicans remain stalemated. Any cut would be by one or more notches, it added.
"Today's CreditWatch placement signals 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," the agency said in a statement on Thursday.
The deadline to raise the ceiling is on August 2.
....
http://www.cnbc.com/id/43762888