US Downgrade Warning Amid Trade War

Scope Warns of Potential US Credit Rating Downgrade Amid Trade Policy Uncertainty

• European rating agency Scope warns of a potential downgrade of the US sovereign credit rating.
• The warning is due to uncertainty surrounding US trade policy.
• Scope outlines three scenarios: “tariff-light,” full-scale trade war, or broader economic crisis.

Scope has highlighted the uncertainty in US trade policy as a risk factor for its credit rating, presenting three possible scenarios that could impact the outlook, including a “tariff-light” approach and a full-scale trade war.