WORLD
Standard & Poor’s may downgrade the credit rating in 2014
Baku, June 9 (AZERTAC). International rating agency Standard & Poor’s may downgrade the credit rating of the U.S. by 2014, according to Agence France Presse on Saturday.
Earlier agency Standard & Poor’s affirmed its AA +, which was appointed to the U.S. in August last year to replace the AAA rating.
rating agency Standard & Poor’s on the night of August 6, 2011 for the first time in history has downgraded the long-term credit rating of the U.S. from a high of AAA to AA + level amid fears associated with the growth of the country’s budget deficit. Outlook on the U.S. rating agency, has been defined as “negative”, which meant that a further lowering of credit ratings could happen in the next 1-1.5 years.
A few days after the downgrade agency Standard & Poor’s, Fitch Ratings affirmed the long-term sovereign issuer default rating (IDR) USA-term foreign and local currency ratings at AAA with a stable outlook.
In November of that year, Fitch revised the rating outlook of the U.S. to “negative” from “stable” after a special committee of the Congress failed to approve measures to reduce the budget deficit. The worsening outlook for rating implies a 50 percent probability of a downgrade of the country over the next two years.