【环球财经】欧洲主要评级机构下调美国主权信用评级

Core Viewpoint - The European credit rating agency has downgraded the U.S. sovereign credit rating from "AA" to "AA-" due to deteriorating public finances and declining government governance standards [1] Financial Condition - The report highlights that the U.S. public finances are worsening, evidenced by persistently high fiscal deficits, rising interest expenditures, and limited budget flexibility [1] - It is projected that without substantial reforms, the U.S. government debt-to-GDP ratio will reach 140% by 2030, significantly higher than most sovereign nations [1] Governance Issues - The decline in government governance standards is a critical reason for the rating downgrade, with concerns over increasing concentration of executive power and instances of the Trump administration ignoring court orders and challenging judicial authority [1] - The unpredictability in policy-making and increased risk of policy errors are noted, particularly in the context of tariff negotiations with major trading partners [1] Rating Outlook - The agency has assigned a "stable" outlook to the U.S. rating, indicating that the risks of rating upgrades and downgrades are generally balanced over the next 12 to 18 months [1] - Downside risks include the continuous rise in debt levels and a potential significant weakening of the U.S. dollar's status as a global reserve currency, which could reduce global demand for U.S. Treasury securities [1]