Markets Shrug as S&P Says 50% Likelihood of U.S. Downgrade
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A 50 percent likelihood that the U.S. will lose its top credit rating from Standard & Poor’s even if Congress reaches agreement on raising the debt ceiling left markets little changed.
“I don’t know if anyone is taking the situation seriously at the moment,” said Marchel Alexandrovich, an economist at Jefferies International Ltd. in London. “It’s seen as a bit of a hollow threat.”