Standard & Poors to downgrade the U.S. credit rating if no Agreement is reached on Debt Ceiling

CNN Is reporting that Standard & Poors says it could downgrade the U.S. credit rating in the next three months over the debt-ceiling impasse.

The credit rating agency said in a statement Thursday it was placing the United States’ sovereign rating on “CreditWatch with negative implications.”

“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.

 

S&P warns of downgrade if no debt deal reached

(Reuters) – 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 as soon as 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.

via S&P warns of downgrade if no debt deal reached | Reuters.

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Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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