Bulletin: United States of America Ratings Unaffected By Fiscal Committee Impasse - S&P Credit Research

Bulletin: United States of America Ratings Unaffected By Fiscal Committee Impasse

1006 words — Published Nov 21, 2011
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Abstract:

TORONTO (Standard&Poor's) Nov. 21, 2011--Standard&Poor's Ratings Services today said that the ratings and outlook on the United States of America (AA+/Negative/A-1+) are not affected by the announcement of the Congressional Joint Select Committee on Deficit Reduction indicating that it could not agree on fiscal consolidation measures to put to a congressional vote. The Fiscal Committee's inability to agree on fiscal measures that would stabilize U.S. government debt as a share of GDP is consistent with our Aug. 5 decision to lower our rating to 'AA+'. However, we expect the caps on discretionary spending as laid out in the Budget Control Act of 2011 to remain in force. If these limits are eased, downward pressure on the

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF Bulletin: United States of America Ratings Unaffected By Fiscal Committee Impasse Publication date: 21-Nov-2011 Primary Credit Analyst: Nikola G Swann, Toronto (1) 416-507-2582; nikola_swann@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
3352Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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MLA:
S&P Credit Research. "Bulletin: United States of America Ratings Unaffected By Fiscal Committee Impasse" Nov 21, 2011. Alacra Store. Sep 16, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-United-States-of-America-Ratings-Unaffected-By-Fiscal-Committee-Impasse-916286>
  
APA:
S&P Credit Research. (). Bulletin: United States of America Ratings Unaffected By Fiscal Committee Impasse Nov 21, 2011. New York, NY: Alacra Store. Retrieved Sep 16, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-United-States-of-America-Ratings-Unaffected-By-Fiscal-Committee-Impasse-916286>
  
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