Fitch places US on AAA rating downgrade watch
Fitch said the AAA rating "reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" ahead of a looming deadline.
- Economy
- AFP
- Published Date: 02:13 | 25 May 2023
- Modified Date: 02:14 | 25 May 2023
Ratings agency Fitch on Wednesday put the United States on watch for a possible downgrade over a risk of default amid a government impasse on raising the national borrowing limit.
Fitch said the AAA rating "reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" ahead of a looming deadline.
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