As the US Credit Rating Falls, Bankruptcy Fears Grow
Moody's stripped the US of its top credit rating, reinforcing Wall Street's concerns over a ballooning budget deficit. The move also sending ripples through corporate America as refinancing costs increase. Steve Zelin, Global Head of the Restructuring and Special Solutions Group at PJT Partners and a former chief restructuring officer at the US Treasury Department joined Wall Street Beat on Bloomberg Open Interest to talk about his concerns.
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