A suspension of payments American state, even a few hours next week, perhaps long term effects for the future of the country.

Three major rating agencies, S&P, Moody’s Global Ratings And Fitch Ratings, play an important role in how devastating the consequences can be. Because the financial implications would be significant, these houses estimate that a deal will eventually be reached before the government runs out of cash. However, otherwise, all three will lower their credit rating. USA and they cannot restore it to its previous level, even if an agreement is reached soon after the default.

The US has never deliberately defaulted. payments of their debt in the modern era, but Moody’s warns that even a short-term default will now turn debt ceiling talks into political theater and undermine confidence in the US government.

William Foster, the house’s lead analyst, stresses that “this reality needs to be reflected in the US rankings.” According to Moody’s, if Washington does not pay interest on the loan, its credit rating will be lowered by one notch. For the superpower to regain its former rating, Mr. Foster said, its policymakers must either significantly change the borrowing limit or eliminate it.

For the US, a deadlock leading to default is “incompatible with a higher credit rating,” according to the analyst in question. However, if the relevant rule is removed or changed in such a way that it is not a default risk, then the superpower’s credit profile could be reviewed and the Aaa rating restored.

S&P downgraded the US credit rating by one notch in 2011 when debt ceiling talks stalled, although a deal was reached at the last minute and a default was avoided. Since then, the house has maintained this US rating unchanged at a level just below the highest, namely AA+.

Indeed, according to John Chambers, a member of the S&P team that downgraded the US at the time, “the current situation in Washington justifies our decision to downgrade the US and keep it at this downgraded level.” If one of the other two agencies, be it Fitch or Moody’s, does the same, then the US will no longer be part of the small group of countries with the highest credit rating. In short, the US will be in a lower category than Germany, Singapore and Canada.

After all, the prestige of the United States can be undermined without a default. The US benefits from its central role in the global economy, which is why the dollar dominates global trade and the US government debt is the highest in the world.

Any doubts about the superpower’s ability to pay could unsettle investors and governments that are creditors to the US state and undermine its ability to finance itself with loans on concessional terms, as it has done in the past. It is even possible that the international position of the superpower will degrade.