S&P says fiscal cliff impasse won't spark credit downgrade
December 28th, 2012
05:55 PM ET
1 year ago

S&P says fiscal cliff impasse won't spark credit downgrade

New York (CNNMoney) - Standard & Poor's said Friday that the fiscal cliff gridlock in Washington is unlikely to spark an additional downgrade of the country's credit rating.

S&P made headlines in August of 2011 by knocking the U.S. down from AAA status to to AA+ following the political wrangling over the debt ceiling. At the time, the rating agency said the affair showed "America's governance and policymaking becoming less stable, less effective, and less predictable."

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Filed under: Debt • Fiscal Cliff
soundoff (One Response)
  1. Rick McDaniel

    The debt ceiling fight will.

    December 28, 2012 06:44 pm at 6:44 pm |