S&P downgrade is ‘troubling news for manufacturers’

After Standard & Poor’s stripped the United States of its AAA credit rating late Friday, “manufacturers are bracing for a negative impact on many levels,” the National Association of Manufacturers said this weekend

After Standard & Poor’s stripped the United States of its AAA credit rating late Friday, “manufacturers are bracing for a negative impact on many levels,” the National Association of Manufacturers said this weekend.

“This downgrade by just one of the three agencies is troubling news for manufacturers because higher interest rates are now on the horizon,” NAM president & CEO Jay Timmons said.

To read the full IndustryWeek.com story, click here.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish