header banner
Default

Bloomberg: Are you a machine?


Fitch’s US Credit Downgrade Sparks Criticism Along With Unease

VIDEO: Why AI and Robots Differ | AI IRL
Bloomberg Originals
  • Decision reflects expected fiscal deterioration, Fitch says
  • Bond market shrugs off downgrade, eyes Wednesday US refunding

WATCH: Fitch Ratings has downgraded US’s long-term foreign currency debt rating to AA+ from AAA. Kathleen Hays reports.Source: Bloomberg

Updated on

Fitch Ratings’ downgrade of US government debt sparked criticism from Washington and Wall Street even amid unease that swollen fiscal deficits risk eventual turbulence in markets, the economy and next year’s presidential election.

Fitch cutBloomberg Terminal the US’s sovereign credit grade one level from AAA to AA+. The move comes just two months after it warned the rating was under threat as lawmakers flirted with default by battling over raising the nation’s debt limit.

Up Next

Fitch’s US Credit Downgrade Sparks Criticism Along With Unease

Sources


Article information

Author: Sarah Shepherd

Last Updated: 1704042604

Views: 1223

Rating: 4.9 / 5 (76 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Sarah Shepherd

Birthday: 2007-06-07

Address: 40046 Schultz Pines Suite 563, Lake Diana, NE 15281

Phone: +3694833327755935

Job: Journalist

Hobby: Sailing, Soccer, Table Tennis, Card Collecting, Bird Watching, Photography, Arduino

Introduction: My name is Sarah Shepherd, I am a receptive, vivid, lively, candid, daring, courageous, spirited person who loves writing and wants to share my knowledge and understanding with you.