S&P assigns a "negative" outlook on US credit rating
18 April 2011
The outlook adds pressure on the White House and Congress to reduce the budget deficit. Investors and others in the financial industry found S&P's statement ironic because the credit rating agency is seen as contributing to budget problems.
Standard & Poor's said its "negative" outlook for the top credit rating of US debt indicates at least a one-in-three chance that it will lower the rating in the next two years.
© Reuters
