On May 25th, DBRS Morningstar Rating Company stated that it has put the US AAA rating on negative watch. The agency said that this decision reflects the risk that the US Congress will not be able to raise the debt ceiling in time. Raise the debt ceiling until resources are available, but we believe there is a risk of Congressional inaction at this point. Meanwhile, even if Congress eventually raises the debt ceiling by date X, the outlook reflected in this debt-ceiling standoff in a polarized political environment could lead us to believe that the US credit rating is no longer AAA-compliant for now level.