DB came out with a pretty good article late friday on the ripple effect into corporates from the downgrade.
S&P is likely to downgrade unless a deal is met that includes ~$4T in cuts.
so even if/when the ceiling is raised, we could very likely still see a downgrade.
DB thinks it may actually increase demand for non-finance paper.
hurt bank paper, with smaller banks hurt even worse because they may fall below investment grade sparking mandatory selloRAB in funRAB to meet specific ratings compliance
fuck