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Standard & Poor's: US tax reform will reduce credit ratings

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rocky
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Standard & Poor's: US tax reform will reduce credit ratings

Post by rocky on Fri 09 Feb 2018, 4:35 am

Standard & Poor's: US tax reform will reduce credit ratings






2018/02/08 22:08


(Encyclopedia of this Day News | Iraq News ) - Direct: Agency "Standard & Poor 's, " said it is likely to result in tax reforms in the US law , which was signed last December to a similar number of cuts and the lifting of the ratings of credit for many companies.


This downward trend is due to the fact that companies will spend most of their savings on shareholder returns or mergers and acquisitions, the credit rating agency said in a report released Thursday.


US President Donald Trump signed a new law on tax reforms in the United States aimed at cutting corporate taxes to 21 percent from 35 percent.


Standard & Poor's ruled out that companies would use a lot of extra money to permanently reduce debt, leaving the leverage levels unchanged. 


Note: Standard & Poor's: US tax reform will reduce credit ratings (posted first on a live website) and the encyclopedia of this news day is not guaranteed in any way. 
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