Reported about 1 year ago
A potential debt ceiling standoff in the United States could lead to another sovereign credit rating downgrade according to Gennadiy Goldberg, the head of U.S. rates strategy at TD Securities. The debt ceiling was suspended until Jan. 1, 2025, but concerns over rising U.S. debt are growing due to a forecasted deficit jump. This situation could mirror the 2011 crisis, where S&P downgraded the U.S. credit rating for the first time in history, prompting fears of a possible AA+ to AA downgrade in the near future.
Source: YAHOO