US government shutdown negative for credit rating, Europe’s Scope warns

LONDON (Reuters) -European rating agency Scope has said that the shutdown of the U.S. government is another negative for the country’s downgrade-threatened credit score. Scope, which currently rates the U.S. ‘AA’ with a ‘negative outlook’, said it showed deepening political polarisation in the world’s largest economy and also comes amid mounting worries about President Donald Trump’s attacks on the Federal Reserve. “The administration’s increasingly unconventional policy approach has placed pressure on the long-standing checks and balances of the U.S. governance system and are seen as credit negative for the U.S. sovereign rating,” Scope analyst Eiko Sievert said.Read More