Categorized | In the News

“Ratings firm…cut its outlook on U.S. government debt…”

Posted on 18 April 2011

On April 18th, the ratings firm Standard & Poor’s (S&P) downgraded the outlook of U.S. government debt from “stable” to “negative.”

The ratings company believes the chances that the U.S.’s credit rating will be lowered within two years are around one-in-three. (…) S&P said Monday it sees a risk that policy makers might fail to agree on how to address budgetary challenges by 2013, leaving the U.S. fiscally weaker than other triple-A-rated countries.

Read the whole story here.