据Craig Stirling报道，美国“异常巨大”的预算赤字和持续攀升的债务风险使其日益容易受善变投资者的影响，Scope Ratings警告说。
America’s “exceptionally large” budget deficits and inexorably rising debt risks making it increasingly vulnerable to fickle investors, Scope Ratings warned.
在周五的一份声明中，该公司将美国维持在AA-级，比最高级低三级，展望稳定，同时补充称该国不断累积借贷的路径无法永远持续下去。
In a statement on Friday, the company kept the US at AA-, three steps down from the maximum, with a stable outlook, while adding that the country’s path of piling on borrowings can’t last forever.
该公司表示：“如果没有实质性更强的经济增长，或通过增加收入或削减开支实现大幅财政调整，Scope预计债务动态将保持不利。”
“Absent materially stronger economic growth or substantial fiscal adjustment through either higher revenues or spending reductions, Scope expects debt dynamics to remain unfavorable,” the company said.
“这一轨迹指向不可持续的中期财政路径，并使主权国家日益暴露于市场情绪变化的风险中。”
“This trajectory points to an unsustainable medium-term fiscal path and leaves the sovereign increasingly exposed to shifts in market sentiment.”
该公司预测，债务占产出的比例将在十年内升至160%，并强调净利息成本将在2031年达到“异常高位”。它还指出了即将到来的国会债务上限僵局相关的风险。
The company predicts debt as a percentage of output will rise to 160% within a decade, and highlighted that net interest costs will reach an “exceptionally high” level by 2031. It also pointed to risks associated with the impending Congressional standoff over the debt ceiling.
虽然美国在穆迪评级去年下调后不再拥有主要评估机构给出的最高信用评级，但Scope的观点长期以来一直显得尤为悲观。它愿意给美国降级的态度与竞争对手更为保守的做法形成对比。
While the US no longer has a top credit score from a major assessor following a cut last year by Moody’s Ratings, Scope’s view has long stood out as particularly downbeat. Its readiness to downgrade America contrasts with a more conservative approach by rivals.
例如，惠誉评级的首席主权分析师在1月表示，在该公司2023年下调美国评级后不久再次降级将非常罕见。
The chief sovereign analyst at Fitch Ratings, for example, said in January that another downgrade of the country so soon after the company cut the US in 2023 would be very unusual.
Scope上次在2025年债务上限僵局期间下调美国评级，并将该国评级定在比穆迪、惠誉和标普全球评级低两级的位置。
Scope last lowered America during the 2025 debt ceiling impasse, and scores the country two steps below Moody’s, Fitch and S&P Global Ratings.
它是欧洲中央银行用于评估抵押品的仅有的五家公司之一，也是其中唯一一家总部位于欧洲的公司。
It is one of only five companies used by the European Central Bank to assess collateral, and the only one of those based in Europe.