S&P Global Ratings said on Thursday it anticipates the U.S. Congress will address the debt ceiling in a timely manner, either by raising it or suspending it. “It would be unprecedented in modern times for an advanced G-7 country, like the U.S., to default on its sovereign debt,” S&P said in a bulletin. S&P noted that during the last decade, Congress passed legislation to raise or suspend the debt limit five times during periods of political impasse.
Read More