Stories Related to Exclusive: S&p To Deeply Cut U.s. Ratings If Debt Payment Missed

Reuters: Top News, Reuters
Wed, 06/29/2011 - 9:52am

NEW YORK (Reuters) - The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters.

Sections: news u.s. politics

Topics: credit rating federal debt john chambers selective default standard & poor's u.s. debt limit

S&P cuts Egypt's credit ratings
Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
S&P helped cause financial crisis with faulty ratings, Feds allege
Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company. More
DealBook: U.S. and States Prepare to Sue S.&P. Over Mortgage Ratings
The Justice Department and state prosecutors plan to file civil charges against Standard & Poor’s Ratings Service, accusing the firm of fraudulently rating mortgage bonds that led to the financial crisis, people briefed on the plan said. More
Fitch warns that debt-limit delay could hurt U.S. credit rating
A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday. More
Obama and G.O.P. Gear Up for Next Fiscal Fight
Days after one high-stakes standoff over finances was resolved, the two sides are getting ready for another as Congress prepares to address the nation’s borrowing limit. More

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Miami Grand Prix delivers on star power and race drama, and, shockingly, not in that order
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MIAMI GARDENS – A sun-splashed weekend of fun, star-gazing and Formula One racing culminated Sunday in a stunning finish at the Miami Grand Prix. In a F1 shocker, Lando Norris, the 24-year-old British-Belgian driver for McLaren, won Miami Grand Prix 2024 at the International Miami Autodrome (Hard Rock Stadium) for his first-ever title. “What a race,” Norris said.
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After Roe, the network of people who help others get abortions see themselves as 'the underground'
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After Roe, the network of people who help others get abortions see themselves as 'the underground'
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Stories Related to Exclusive: S&p To Deeply Cut U.s. Ratings If Debt Payment Missed

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