Default on U.S. Debt Risks ‘Permanently’ Denting Nation’s Credit Rating

If the government misses an interest payment, even by a few hours, its creditworthiness will suffer, possibly for a long time. If the U.S. government defaults on its debt even for just a few hours next week, it could have long-lasting consequences for the nation’s future. Three major ratings companies — S&P Global Ratings, Moody’s…