Thursday, November 10, 2016

USA: SP confirms the note of the country after the election of Donald Trump – Zonebourse.com

Paris – agence SP Global Ratings confirmed on Thursday the rating of “AA+” which is given to the debt of the United States, arguing that american institutions were strong enough to compensate for the “lack of experience” and the “uncertainties” about the program of us president-elect Donald Trump.

The Republican, who won Tuesday an unexpected victory in the face of the candidate, democrat Hillary Clinton after a campaign particularly violent, will take office in January.

“We assume that the strength of institutions, long-established and robust system of powers and counter-powers of the United States will support the implementation of policies in the administration Trump, despite the lack of experience in public office of the elected president, which raises uncertainties about the proposed measures”, says the agency SP Global Ratings (e.g. Standard and Poor’s) in a press release.

“The credit strength of the United States is based in particular on its economy is diversified and resilient, the flexibility of its economic programmes, and its unique status as issuer of the main reserve currency in the world,” note SP.

The agency, which does not change its note in the short or medium term, however, before the high level of debt of the State and “the uncertainty is now more important on his path”.

The economic program of the candidate Trump table, particularly on massive tax cuts, infrastructure spending and a widening of the budget deficit.

The agency had withdrawn in the summer of 2011 the United States of the very closed club of countries with the rating of “AAA” after long months of political deadlock over raising the debt ceiling.

In a reaction to hot, Moody’s said on Wednesday that the election of Trump would have consequences on the companies from various sectors in the light of the proposals posted on the international trade, financial regulation, health care, immigration and taxes on corporations.

The credit rating agency Fitch has indicated that the arrival of Trump at the White House “has no involvement in the short term” on the “AAA” rating it gives to the country. In the medium term, however, the proposals ‘ economic and budgetary Trump could have a negative impact “if they are fully implemented,” said Fitch.

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