Washington: Standard & Poor's managing director John Chambers said on Sunday there is a one in three chance of a further US credit rating downgrade over the next six months to two years.
"We have a negative outlook, from six months to 24 months," Chambers said on ABC's "This Week."
"And if the fiscal position of the United States deteriorates further or if the political gridlock becomes more entrenched, then that could lead to a downgrade. The outlook indicates at least a one in three chance of a downgrade over that period."
Chambers said that it would take some time for the United States to recover its AAA rating....more
08:55 PM, Aug 07, 2011