Federal regulators acted swiftly to limit the impact of Standard & Poor's rating downgrade on U.S. debt, announcing in a joint statement that the move will not impact the treatment of U.S. securities in risk based capital calculations.
The ratings firm downgraded the score for U.S. debt instruments from AAA to AA+.
"For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies and government-sponsored entities will not change," the regulators from the NCUA, Federal Reserve, FDIC and OCC announced Monday.
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