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Don’t expect a credit downgrade, S&P says before debt ceiling fight

By Joseph Lawler
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Don’t expect a credit downgrade, S&P says before debt ceiling fight

Standard & Poor’s said it is not planning to change the nation’s credit rating during the upcoming fight over the debt limit, an indication of how the pressure to cut the debt has diminished since 2011’s debt ceiling standoff.

The credit ratings agency said in a note that “as long as it is short-lived, we do not anticipate the impasse to lead to a change in the sovereign rating.”

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Budgets and Deficits Congress Debt Ceiling Government Shutdown Joseph Lawler OMB PennAve