Bond investors have been put on notice by rating agency Standard & Poor's that it is not just the U.S. sovereign debt rating that is in jeopardy because of the ongoing wrangling in Washington over raising -- or not raising -- the federal debt ceiling and, especially, whether or how lawmakers cut the government’s massive and ever-growing deficit.
The agency says that the negative CreditWatch it and other agencies have placed on U.S. debt, and the potential of a downgrade later this year, also threaten the credit ratings of a multitude of other debt instruments and agencies, including some that are not even part of the federal government.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access