Moody's Says U.S. Government Shutdown Would Be Credit Negative For The U.S. Sovereign
Portfolio Pulse from Benzinga Newsdesk
Moody's has warned that a U.S. government shutdown would be credit negative for the U.S. sovereign, according to Reuters.
September 25, 2023 | 5:16 pm
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A U.S. government shutdown, as warned by Moody's, could negatively impact the U.S. sovereign credit rating, which may affect the SPY ETF that tracks the S&P 500 index.
A government shutdown could lead to a downgrade in the U.S. sovereign credit rating. This could lead to increased uncertainty in the market, potentially causing a decrease in the value of the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75