"Political Chaos and Government Shutdown Fears Threaten U.S. AAA Rating"

TL;DR Summary
Wall Street is concerned that the U.S. could lose its last AAA credit rating due to political chaos and the potential for another government shutdown. The U.S. has already faced downgrades in the past, and Moody's warned that a shutdown would be a credit negative for the country. The sustainability of U.S. debt is less of a focus for credit-rating firms than dysfunction in the decision-making process of elected officials. While a third downgrade would be an unpleasant event, the market's memory of it would likely be short. The rising Treasury yields are also causing concern in the financial markets.
Topics:business#credit-ratings#finance#government-shutdown#treasury-market#us-government#wall-street
- Wall Street worries U.S. could lose last AAA rating as political chaos fuels government-shutdown fears MarketWatch
- U.S. credit rating downgrade concerns grow amid government shutdown fears Yahoo Finance
- Fitch Ratings on further US 'deterioration in governance' but shutdown won't impact rating ForexLive
- US government shutdown later this year would not hurt rating - Fitch Reuters
- America deserves another downgrade Yahoo Finance
- View Full Coverage on Google News
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