www.bloomberg.com
President Donald Trump’s unpredictability in US foreign affairs and the associated strain on relations with Europe are weighing on Scope Ratings’s view of sovereigns on either side of the Atlantic. The volatility in transatlantic relations introduces uncertainty. Scope Ratings views this as a credit risk for European sovereigns, particularly for countries highly reliant on US security guarantees. For the US, the agency flags potential fiscal consequences, as trade wars could slow economic growth and increase debt.
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