«Because the U.S. has, relative to its «AAA» peers, what we consider to be
very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our
outlook on the long - term rating to negative from
stable,» S&P said in a statement.
«But I do think the longer - term
outlook is
very positive, especially if these products continue to deliver that
stable value and income, which is really what financial advisors are looking for for their clients.»