Fitch Warns US Debt Standoff Could Jeopardize Credit Rating

Fitch Warns US Debt Standoff Could Hit Credit Rating By AFP – Agence France Presse May 24, 2023 Ratings agency Fitch put the United States on notice that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation’s borrowing limit, a week before a key deadline. Fitch placed the country’s AAA-ranked credit on “rating watch negative” — a move it said “reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit” ahead of a looming deadline. The US Treasury Department…