A Moody’s U.S. downgrade would be an ‘unpleasant event, but the market memory of it would be pretty short,’ says Hartford Funds strategist
Wall Street is bracing for the potential demise of an old regime: The U.S. government’s coveted AAA credit ratings.
That casts doubt on the ability of the U.S. to retain its last batch of unblemished credit ratings, a go-to gauge of its trustworthiness on the global stage. It also could further rattle the roughly $25 trillion U.S. Treasury market, where yields recently surged to a 16-year high.Moody’s warned in late September that a government shutdown “would be a credit negative for the U.S. sovereign.
Fitch weighs in S&P Global in 2011 said policymaking had become “less stable, less effective and less predictable” than previously believed. Francis also pointed out that Congress thus far has failed to pass any of its 12 appropriations bills and that “stark disagreements over appropriations” have erupted both within the House of Representatives and between the House and the Senate.However, Francis doesn’t expect “political brinkmanship or even a government shutdown in the coming weeks” to effect Fitch’s AA+ ratings for the U.S. or its stable outlook.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street worries the U.S. could lose its last batch of AAA ratingsA Moody’s U.S. downgrade would be an ‘unpleasant event, but the market memory of it would be pretty short,’ says Hartford Funds strategist
Weiterlesen »
Wall Street Thinks America’s Homes Are OvervaluedAs prices paid for the average single-family property hit record highs, big investors are taking a pass.
Weiterlesen »
Here are Tuesday's biggest analyst calls: Nvidia, Rivian, Amazon, Airbnb, Warby Parker, HP, FedEx & moreHere are Tuesday's biggest calls on Wall Street.
Weiterlesen »
The Inside Story of How Wall Street Fleeced GM Autoworkers and TaxpayersStock buybacks have become the main goal in life for corporate executives and activist stock sellers. And this sickness is spreading.
Weiterlesen »
Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
Weiterlesen »
These underperforming stocks are due for a fourth-quarter comeback, according to Wall StreetAfter a rocky third quarter, these stocks could be poised for a bounce back in the final stretch of 2023, according to Wall Street.
Weiterlesen »