Fitch Ratings, a credit rating agency, has placed the United States’ long-term foreign currency issuer default rating (IDR) on negative watch. This signifies the heightened political partisanship which is hindering any potential resolution to raise or suspend the debt limit, despite the approaching date of exhaustion by the U.S. Treasury. The “AAA” rating stands at risk if a solution is not found before then.
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United States Credit Rating in Danger Due to Debt Ceiling Deadlock
By JamesUpdated:No Comments1 Min Read
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