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Fitch holds US rating on negative watch despite debt deal
AFP
June 2, 2023 12:45 pm
Ratings agency Fitch is keeping the United States‘ “AAA” credit rating on negative watch, despite a bipartisan agreement on raising the debt limit this week to avert a catastrophic default.
While the resolution of the US debt ceiling impasse means the government will be able to meet its obligations, Fitch Ratings said it maintains a “Rating Watch Negative” on the United States “as we consider the full implications of the most recent brinkmanship episode and the outlook for medium-term fiscal and debt trajectories.”
Source: Insider Paper
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