US-Led Rising Debt Across G-7 Stokes S&P and Scope Concerns

 

• Ratings companies highlight worsening borrowing profiles
• Only acute market pressure can shift paths, S&P warns

Relentlessly rising debt in the US and rich-world peers was highlighted by two credit-assessment companies, with S&P Global Ratings warning that only acute market pressure can alter the trajectory.

The analyses of Group of Seven and equivalent economies intensify the spotlight on their borrowing in a week when two face elections, and after the Bank for International Settlements cautioned that governments are vulnerable to a precipitous loss of confidence.

In S&P’s report on Thursday, it suggested the prospect that the US, Italy and France will manage to keep debt at already elevated current levels is remote.

https://www.bloomberg.com/news/articles/2024-07-04/us-led-debt-increase-across-g-7-stokes-s-p-and-scope-concerns