Fitch says it could still downgrade US credit rating amid ‘brinkmanship’ concerns
Fitch Ratings said Friday it is holding the United States on watch for a possible credit downgrade, even though Congress passed a bipartisan debt ceiling agreement that will ensure the government can pay its bills on time.
The ratings agency said in a statement it would maintain the “Rating Watch Negative” on the U.S. as “we consider the full implications of the most recent brinkmanship episode and the outlook for medium-term fiscal and debt trajectories.”
The warning came shortly after the Senate passed legislation lifting the debt ceiling for two years in exchange for modest spending cuts.
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Source: https://www.foxbusiness.com/economy/fitch-keeps-us-credit-rating-on-negative-watch-despite-debt-ceiling-deal
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