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PR Newswire
11-06-2013, 11:35 AM
A new S&P after subprime crisis...
S&P revises US credit outlook to ‘stable’ from negative
NEW YORK — Standard & Poor’s yesterday removed the near-term threat of another credit rating downgrade for the United States by revising its outlook to stable from negative, citing an improved economic and fiscal outlook.
The change effectively means there is less than a one-third chance of a downgrade in the next two years.
S&P said a key factor to its revision in the US rating outlook was the agreement reached by the US Congress to avoid the ‘fiscal cliff’, which had threatened some US$600 billion (S$755 billion) in automatic tax increases and spending cuts.
http://www.todayonline.com/business/sp-r...e-negative
S&P revises US credit outlook to ‘stable’ from negative
NEW YORK — Standard & Poor’s yesterday removed the near-term threat of another credit rating downgrade for the United States by revising its outlook to stable from negative, citing an improved economic and fiscal outlook.
The change effectively means there is less than a one-third chance of a downgrade in the next two years.
S&P said a key factor to its revision in the US rating outlook was the agreement reached by the US Congress to avoid the ‘fiscal cliff’, which had threatened some US$600 billion (S$755 billion) in automatic tax increases and spending cuts.
http://www.todayonline.com/business/sp-r...e-negative
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