SmartPulse: Making sense of the S&P downgrade - SmartBrief

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SmartPulse: Making sense of the S&P downgrade

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Modern Money

This post was written by Cindy Kraft, the CFO Coach, who is a career and personal-brand strategist for CFOs and corporate finance executives.

SmartPulse — our weekly nonscientific reader poll in SmartBrief for CFOs — tracks feedback from leading CFOs and senior finance executives. We run the poll question each Wednesday in our e-newsletter.

Last week, we asked: What do you think of S&P’s downgrading of the U.S. credit outlook to negative?

It’s a strong warning to Congress to get its fiscal house in order 76.64%
It’s nothing serious — just a public slap on the wrist for show 10.28%
It’s a sure sign we’re on the way to losing our triple-A rating 9.81%
It’s a ploy to get Congress to raise the debt ceiling 3.27%

A clear sign: An overwhelming majority of you see the S&P downgrade as a serious issue, with another 10% concerned about losing our AAA rating. The question is, will Congress interpret this downgrade as seriously as some of the brightest finance minds in the country?