Kyle Szostak, director of the American investment firm Navigator Principal Investors, predicted the consequences of a possible default in the United States. Investor’s words lead TASS.
According to the expert, the situation regarding a possible default threatens to lower the country’s credit rating. He recalled that in 2011, rating agencies had downgraded the seemingly unshakable AAA rating to AA+.
“Actually, this is exactly what can be expected this time, maybe the rating can be revised to A+ if the negotiations to raise the debt ceiling are prolonged or come to a dead end,” the investor said.
Shestok added that this scenario would have a “sobering effect” on the US, but noted that the US administration has experience in dealing with such crises.
John Kirby, former White House Strategic Communications Coordinator declarationEven in the event of a default, Washington will retain the ability to provide assistance to Ukraine until the end of the current fiscal year at the expense of funds already allocated.