This provides to the sooner determination from Fitch right here, which is just about the identical story. DBRS Morningstar notes that the assessment with unfavorable implications “displays the chance of Congress failing to extend or droop the debt ceiling in a well timed method”. Including that:

“Whereas we nonetheless anticipate Congress to lift the debt ceiling earlier than Treasury runs out of accessible assets, there’s a danger of Congressional inaction because the X-date approaches. DBRS Morningstar would contemplate any missed cost of curiosity or principal as a default. In such a state of affairs, the related U.S. Issuer Scores could be downgraded to “Selective Default.” “

You’ll be able to take a look at the total submit right here.