Fitch warns of potential downgrade to US AAA credit rating due to hyper partisanship and debt ceiling standoff.
TL;DR Summary
Fitch has warned that the US's perfect credit rating could be in jeopardy due to the current debt ceiling debate and the possibility of a first-ever default. The credit ratings agency placed the US "AAA" on "rating watch negative," signaling that it could downgrade US debt if lawmakers do not agree on a bill that raises US Treasury's debt limit. A US default could send shockwaves throughout the global economy and potentially cause a recession, according to experts.
- America’s hyper partisanship could cost it its sterling AAA credit rating, Fitch warns CNN
- Fitch puts United States’ AAA rating on negative watch, citing debt ceiling fight CNBC
- Fitch Says U.S. on 'Rating Watch Negative' The Wall Street Journal
- US AAA Credit Rating May Be Cut by Fitch on Debt-Limit Impasse Bloomberg
- U.S. AAA Credit Rating Placed On Negative Watch As Debt-Ceiling Standoff Risks Default | Investor's Business Daily Investor's Business Daily
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