Scope Downgrades US Credit Rating Citing Fiscal Risks

European rating agency Scope has downgraded the United States' credit rating to «AA-» from «AA», citing deteriorating public finances and political risks.

The decision follows a period of political uncertainty, including the recent government shutdown on October 1st. Scope emphasizes that persistent deficits and a growing interest burden are leading to an increase in the public debt to GDP ratio, which is projected to reach 140% by 2030.

The outlook for the US economy is now characterized as «stable», in contrast to the previous «negative».