PIMCO: ‘THE US WILL GET DOWNGRADED’

Thursday, October 18, 2012
By Paul Martin

Rob Wile
BusinessInsider.com
Oct. 18, 2012

PIMCO has seen enough of the federal government’s “fiscal theatre” and now says the U.S.’s credit rating will inevitably be slashed, Bloomberg’s Tracy Withers reports.

“The U.S. will get downgraded, it’s a question of when,” Withers quotes Scott Mather, Pimco’s head of global portfolio management, as saying. “It depends on what the end of the year looks like, but it could be fairly soon after that.”

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