A downgrade of the nation’s credit rating admonished Washington for persistent political fighting over federal spending. But the move drew sharp criticism.
The ratings agency, which lowered the U.S. long-term rating from its top mark, said that debt-limit standoffs have eroded confidence in the nation’s fiscal management.
S&P Global restated a negative outlook for France’s ability to repay mounting debt. Two other ratings agencies have lowered their views in recent weeks.