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doctorpot1 wrote a post · May 29, 2023 06:50

US's AAA Rating May Be Cut by Fitch on Debt-Limit Fight

Fitch Ratings has placed US's AAA rating on watch negative.
The United States triple-A rating could be cut by Fitch. They're now saying that they expect a resolution to the debt limit before the X date, but that there are higher risks, that the debt limit won't be raised or suspended.
So Fitch now releasing this press statement that they're placing the U.S. triple A rating on rating watch negative. That the brinkmanship among factors in Washington now signal downside risks.
What happened when US was downgraded
In 5 August 2011, when Standard & Poor’s, stripped the United States of its prized AAA rating, again due to this debt ceiling issue. $S&P 500 Index (.SPX.US)$ fell by 6.66%.
US's AAA Rating May Be Cut by Fitch on Debt-Limit Fight
Hope that they won't downgrade the rating
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doctorpot1
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crawled out of poverty, working towards FIRE!! (financial independence, retired early)
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