According to the Wall St Journal In the event that the U.S. government doesn't raise the debt ceiling by its August 2 deadline, any Treasury security that the government misses an interest payment on would be immediately downgraded to a B+ rating, the head of Fitch sovereign ratings told DJ FX Trader on Monday.
The first time this would be an issue is August 4, when $90 billion in Treasury bills mature, Fitch's David Riley said in a phone interview. If an interest payment is missed, those Treasury bills would get downgraded from ...
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