Tax & Spend
US-Led Rising Debt Across G-7 Stokes S&P and Scope Concerns
- Ratings companies highlight worsening borrowing profiles
- Only acute market pressure can shift paths, S&P warns
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Relentlessly rising debt in the US and rich-world peers was highlighted by two credit-assessment companies, with S&P Global Ratings warning that only acute market pressure can alter the trajectory.
The analyses of Group of Seven and equivalent economies intensify the spotlight on their borrowing in a week when two face elections, and after the Bank for International Settlements cautioned that governments are vulnerable to a precipitous loss of confidence.