Fitch Warns It Might Downgrade US Rating Over Debt



Fitch warns it might downgrade US rating over debt (via AFP)

The Fitch ratings agency warned Tuesday that it might revise downward its notation for the United States from its current top “AAA” level if Congress does not reach agreement on raising the ceiling for the national debt. Fitch said that failure to raise the limit in time would lead to a formal revision…



Author: Guest Voice

5 Comments

  1. What more can be said on this topic? The Tea Party and a large portion of the rest of the GOP seem ready to screw the nation with their insane posturing on this matter. They can proceed and do so, but I think that would be another, if not the last, nail in the coffin of their relevance come 2014. I seriously doubt they have the media currency to do the only thing that would make that play work out for them, pin it on the democrats and Obama.

  2. “I seriously doubt they have the media currency to do the only thing that would make that play work out for them, pin it on the democrats and Obama.”

    Ha! I have never heard it worded so politely :)

  3. “Fitch warned: “In the absence of an agreed and credible medium-term deficit reduction plan that would be consistent with sustaining the economic recovery and restoring confidence in the long-run sustainability of US public finances, the current Negative Outlook on the ‘AAA’ rating is likely to be resolved with a downgrade later this year even if another debt ceiling crisis is averted.””

    If we have downgrade hanging over our head regardless unless we come up with a deficit reduction plan, why not do it now except for political reasons?

  4. US Warns It Might Downgrade Fetch Rating Over … not giving a ****

    US warned, “Because Fitch was so terribly wrong in the run up to the financial crisis and because their role in finance is to basically see these things coming…we do not value their opinion, at all.”

  5. I really have my doubts as to whether or not Fitch has clue what kind of debt deal would be consistent with economic growth.

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